Dutch Bros (NYSE:BROS) Upgraded at Baird R W

Baird R W upgraded shares of Dutch Bros (NYSE:BROS) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on BROS. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $70.00 in a report on Monday. UBS Group upped their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and a consensus price target of $56.36.

Dutch Bros Stock Performance

BROS stock opened at $56.11 on Monday. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $59.18. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.65 billion, a P/E ratio of 193.49, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The business’s fifty day moving average is $50.12 and its 200-day moving average is $40.46.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares in the company, 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. Over the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. Quest Partners LLC grew its stake in Dutch Bros by 3,321.7% in 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. Jamison Private Wealth Management Inc. grew its position 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 valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management increased its stake 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 purchasing an additional 314 shares during the period. Abound Wealth Management bought a new position in shares of Dutch Bros during the second quarter worth approximately $39,000. Finally, Quarry LP acquired a new stake in Dutch Bros during the 2nd quarter worth approximately $43,000. 85.54% of the stock is owned by institutional investors.

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.