UBS Group Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its target price hoisted by investment analysts at UBS Group from $39.00 to $44.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential downside of 7.83% from the stock’s current price.

BROS has been the topic of a number of other research reports. TD Cowen upped their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus dropped their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Finally, Barclays lowered their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

Dutch Bros Trading Up 36.6 %

NYSE:BROS traded up $12.80 during mid-day trading on Thursday, reaching $47.74. 10,147,964 shares of the company’s stock traded hands, compared to its average volume of 2,744,276. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $50.24. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 193.60, a PEG ratio of 3.68 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The company has a 50 day moving average price of $33.24 and a 200-day moving average price of $34.92.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, sell-side analysts predict that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,689,583 shares of company stock worth $55,164,707 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BROS. Janney Montgomery Scott LLC grew its position in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Dutch Bros during the first quarter valued at about $352,000. SG Americas Securities LLC purchased a new position in shares of Dutch Bros during the first quarter valued at about $200,000. Swiss National Bank lifted its holdings in shares of Dutch Bros by 33.5% in the 1st quarter. Swiss National Bank now owns 147,300 shares of the company’s stock valued at $4,861,000 after acquiring an additional 37,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Dutch Bros in the 1st quarter valued at about $4,430,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.