Dutch Bros (NYSE:BROS) Price Target Raised to $51.00

Dutch Bros (NYSE:BROS) had its price target upped by Piper Sandler from $36.00 to $51.00 in a report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Barclays lifted their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, UBS Group lifted their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Dutch Bros Stock Down 2.7 %

NYSE:BROS opened at $47.44 on Monday. The stock’s fifty day moving average price is $34.88 and its two-hundred day moving average price is $35.57. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 163.59, a P/E/G ratio of 4.13 and a beta of 2.47. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was up 27.9% on a year-over-year basis. On average, analysts anticipate that Dutch Bros will post 0.37 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,689,583 shares of company stock valued at $55,164,707. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BROS. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter worth approximately $224,461,000. Janney Montgomery Scott LLC grew its holdings in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after buying an additional 13,395 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros during the first quarter worth $200,000. 1832 Asset Management L.P. purchased a new stake in shares of Dutch Bros in the second quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Dutch Bros in the first quarter valued at about $2,072,000. Hedge funds and other 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.