Brokerages Set Dutch Bros Inc. (NYSE:BROS) PT at $77.82

Dutch Bros Inc. (NYSE:BROS) has received an average recommendation of “Buy” from the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $77.3889.

BROS has been the topic of several research analyst reports. Mizuho set a $70.00 target price on shares of Dutch Bros in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. The Goldman Sachs Group cut their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Bank of America boosted their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, CICC Research initiated coverage on shares of Dutch Bros in a report on Monday, June 30th. They set an “outperform” rating and a $80.00 target price for the company.

Dutch Bros Stock Up 5.3%

Shares of Dutch Bros stock opened at $59.93 on Friday. The firm’s 50 day moving average price is $59.62 and its 200-day moving average price is $63.21. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. Dutch Bros has a 52-week low of $32.68 and a 52-week high of $86.88. The company has a market cap of $9.86 billion, a P/E ratio of 127.50, a PEG ratio of 3.13 and a beta of 2.55.

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

Insider Activity

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

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. increased its stake in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after purchasing an additional 788,100 shares during the last quarter. Ninety One UK Ltd purchased a new position in Dutch Bros in the third quarter valued at approximately $135,336,000. Marshall Wace LLP increased its stake in Dutch Bros by 139.2% in the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after purchasing an additional 1,460,376 shares during the last quarter. Invesco Ltd. grew its position in shares of Dutch Bros by 70.9% during the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after acquiring an additional 967,861 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Dutch Bros by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock worth $148,643,000 after acquiring an additional 267,074 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other 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.