Analysts Set Dutch Bros Inc. (NYSE:BROS) Target Price at $47.30

Dutch Bros Inc. (NYSE:BROS) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $49.40.

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group raised their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Dutch Bros Stock Performance

NYSE:BROS opened at $55.15 on Wednesday. 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 has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. The firm has a market cap of $8.50 billion, a PE ratio of 190.17, a price-to-earnings-growth ratio of 4.00 and a beta of 2.72. The business has a 50 day moving average price of $41.19 and a 200-day moving average price of $37.89.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business 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 posted $0.08 EPS. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts predict that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 280,518 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $32.36, for a total value of $9,077,562.48. Following the sale, the chairman now directly owns 322,177 shares of the company’s stock, valued at approximately $10,425,647.72. This represents a 46.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,060,067 shares of company stock worth $35,261,572 in the last three months. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Dutch Bros by 34.7% in the first quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock worth $2,217,000 after purchasing an additional 17,290 shares during the last quarter. Cetera Investment Advisers lifted its stake in Dutch Bros by 537.1% during the 1st quarter. Cetera Investment Advisers now owns 89,619 shares of the company’s stock valued at $2,957,000 after acquiring an additional 75,553 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Dutch Bros by 8.8% during the 1st quarter. Cetera Advisors LLC now owns 63,584 shares of the company’s stock valued at $2,098,000 after acquiring an additional 5,139 shares during the last quarter. Renaissance Capital LLC grew its stake in shares of Dutch Bros by 165.1% in the second quarter. Renaissance Capital LLC now owns 82,256 shares of the company’s stock worth $3,405,000 after acquiring an additional 51,230 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Dutch Bros by 19.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 11,100 shares of the company’s stock valued at $460,000 after purchasing an additional 1,800 shares during the last quarter. 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.