Dutch Bros (NYSE:BROS) Price Target Raised to $46.00

Dutch Bros (NYSE:BROS) had its price objective raised by Robert W. Baird from $37.00 to $46.00 in a research report sent to investors on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

BROS has been the subject of a number of other research reports. UBS Group raised their price objective on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus decreased their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $47.18 on Thursday. The company has a market cap of $7.27 billion, a P/E ratio of 162.70, a PEG ratio of 3.85 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a one year low of $25.46 and a one year high of $50.24. The business’s 50-day simple moving average is $33.85 and its 200 day simple moving average is $35.16.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter last year, the firm earned $0.08 EPS. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts forecast that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. Insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several hedge funds have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the 1st quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. raised its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. 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.