Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $40.20

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.20.

BROS has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a report on Monday. Robert W. Baird reduced their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. TD Cowen reissued a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research note on Thursday, September 12th. Finally, Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a report on Monday, August 19th.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated 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 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 this link. In related news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the sale, the insider now directly owns 507,700 shares in the company, valued at approximately $17,266,877. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC boosted its stake in shares of Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $26,000. Jamison Private Wealth Management Inc. increased its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Finally, Abound Wealth Management acquired a new stake in Dutch Bros in the second quarter valued at $39,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.5 %

Shares of BROS opened at $34.70 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros has a 1-year low of $23.31 and a 1-year high of $43.49. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 192.50, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. The firm has a 50 day simple moving average of $32.18 and a 200-day simple moving average of $34.66.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter last year, the business posted $0.07 earnings per share. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. Equities analysts forecast that Dutch Bros will post 0.32 EPS for the current fiscal year.

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.