Dutch Bros (NYSE:BROS) Price Target Raised to $36.00 at Guggenheim

Dutch Bros (NYSE:BROS) had its target price boosted by analysts at Guggenheim from $30.00 to $36.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Guggenheim’s price objective would indicate a potential downside of 8.77% from the stock’s current price.

BROS has been the subject of several other research reports. Wedbush upped their price target on shares of Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Robert W. Baird increased their target price on shares of Dutch Bros from $33.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Stifel Nicolaus reissued a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, Bank of America increased their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.09.

Dutch Bros Price Performance

Shares of BROS stock opened at $39.46 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The company has a market capitalization of $6.99 billion, a P/E ratio of 219.23, a P/E/G ratio of 6.46 and a beta of 2.53. The company’s 50-day simple moving average is $37.27 and its two-hundred day simple moving average is $32.50. Dutch Bros has a one year low of $22.67 and a one year high of $43.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. As a group, equities analysts anticipate that Dutch Bros will post 0.29 EPS for the current year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 334,069 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.85, for a total value of $12,310,442.65. Following the sale, the chairman now owns 871,764 shares in the company, valued at $32,124,503.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.85, for a total value of $6,138,988.90. Following the sale, the insider now owns 1,616,308 shares in the company, valued at $59,560,949.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 334,069 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the sale, the chairman now owns 871,764 shares in the company, valued at approximately $32,124,503.40. The disclosure for this sale can be found here. Insiders have sold 1,228,068 shares of company stock worth $44,765,154 over the last 90 days. 46.50% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC acquired a new stake in Dutch Bros during the first quarter valued at $26,000. DekaBank Deutsche Girozentrale purchased a new position in Dutch Bros during the fourth quarter valued at $40,000. Avior Wealth Management LLC lifted its holdings in Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after purchasing an additional 1,208 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Dutch Bros by 31.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after buying an additional 590 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.