Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective lifted by Stifel Nicolaus from $42.00 to $53.00 in a research report sent to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

BROS has been the topic of several other research reports. Barclays lifted their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. TD Cowen boosted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Robert W. Baird increased their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Stock Down 0.6 %

BROS opened at $46.61 on Thursday. The company has a market cap of $7.19 billion, a PE ratio of 160.73, a price-to-earnings-growth ratio of 3.74 and a beta of 2.47. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $50.24. The company has a 50-day moving average price of $35.48 and a 200 day moving average price of $35.89. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts expect that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the sale, the insider now directly owns 712,819 shares in the company, valued at $22,810,208. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,095,377 shares of company stock worth $36,392,066. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Creative Planning lifted its stake in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after acquiring an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. boosted its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds 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.