Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $80.06

Dutch Bros Inc. (NYSE:BROS) has received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.8824.

A number of brokerages have recently issued reports on BROS. CICC Research assumed coverage on shares of Dutch Bros in a report on Monday, June 30th. They set an “outperform” rating and a $80.00 price target on the stock. Bank of America upped their target price on shares of Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. The Goldman Sachs Group cut their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Guggenheim raised their price target on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Barclays lifted their price target on Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, August 7th.

Dutch Bros Trading Down 3.5%

NYSE BROS opened at $50.52 on Tuesday. The stock has a 50-day moving average of $62.46 and a 200-day moving average of $64.04. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros has a 1-year low of $30.49 and a 1-year high of $86.88. The firm has a market cap of $8.31 billion, a PE ratio of 107.49, a price-to-earnings-growth ratio of 2.79 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, sell-side analysts forecast that Dutch Bros will post 0.57 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 787,681 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Dutch Bros in the fourth quarter valued at approximately $267,000. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros in the 1st quarter valued at $31,000. GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 11,342.2% in the 1st quarter. GAMMA Investing LLC now owns 50,689 shares of the company’s stock valued at $3,130,000 after buying an additional 50,246 shares during the period. NBC Securities Inc. raised its holdings in shares of Dutch Bros by 49,758.3% in the 1st quarter. NBC Securities Inc. now owns 5,983 shares of the company’s stock valued at $369,000 after buying an additional 5,971 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Dutch Bros during the first quarter worth about $359,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.