Dutch Bros (NYSE:BROS) Given New $55.00 Price Target at Wedbush

Dutch Bros (NYSE:BROS) had its price objective boosted by research analysts at Wedbush from $45.00 to $55.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price suggests a potential upside of 57.46% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Barclays dropped 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. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, August 15th. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Stifel Nicolaus lowered their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Robert W. Baird lowered their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.80.

Dutch Bros Trading Up 3.9 %

NYSE BROS opened at $34.93 on Thursday. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $43.49. The stock has a market cap of $5.39 billion, a P/E ratio of 139.72, a P/E/G ratio of 3.68 and a beta of 2.47. The stock’s fifty day moving average price is $33.24 and its 200-day moving average price is $34.92. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same period last year, the firm posted $0.07 earnings per share. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. As a group, equities analysts forecast that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred 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 transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the sale, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of BROS. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dutch Bros in the 1st quarter worth $4,430,000. Janney Montgomery Scott LLC lifted its stake in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after purchasing an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros during the 1st quarter worth $200,000. 1832 Asset Management L.P. acquired a new position in Dutch Bros during the 2nd quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Dutch Bros during the 1st quarter valued at about $2,072,000. 85.54% of the stock is owned by institutional investors.

About Dutch Bros

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.