Dutch Bros (NYSE:BROS) Price Target Raised to $82.00

Dutch Bros (NYSE:BROS) had its price objective increased by Barclays from $76.00 to $82.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on BROS. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the company an “overweight” rating in a report on Monday, April 14th. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Piper Sandler cut their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, TD Securities reaffirmed a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $75.21.

Dutch Bros Stock Down 1.6 %

Shares of NYSE BROS opened at $63.44 on Thursday. The business has a 50-day moving average of $61.01 and a 200-day moving average of $58.31. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 186.59, a PEG ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 12 month low of $26.96 and a 12 month high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. Sell-side analysts expect that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the company. CenterBook Partners LP purchased a new stake in shares of Dutch Bros in the 1st quarter worth about $1,382,000. Deutsche Bank AG boosted its stake in Dutch Bros by 12.2% during the first quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock worth $37,852,000 after acquiring an additional 66,819 shares in the last quarter. Monetta Financial Services Inc. purchased a new stake in Dutch Bros in the first quarter worth about $741,000. West Michigan Advisors LLC purchased a new position in shares of Dutch Bros during the first quarter valued at approximately $401,000. Finally, ING Groep NV boosted its position in shares of Dutch Bros by 582.9% in the 1st quarter. ING Groep NV now owns 282,700 shares of the company’s stock worth $17,454,000 after purchasing an additional 241,300 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.