Dutch Bros (NYSE:BROS – Get Free Report) had its price target upped by research analysts at Bank of America from $61.00 to $72.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 20.96% from the company’s current price.
Several other research firms have also recently issued reports on BROS. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, 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, January 6th. One investment 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 company. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus target price of $60.09.
Read Our Latest Stock Report on BROS
Dutch Bros Trading Up 0.3 %
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the company posted $0.08 EPS. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.
Insider Transactions at Dutch Bros
In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 439,655 shares of company stock valued at $14,679,518 in the last 90 days. Insiders own 46.50% of the company’s stock.
Institutional Investors Weigh In On Dutch Bros
Several institutional investors and hedge funds have recently made changes to their positions in BROS. Baillie Gifford & Co. purchased a new position in Dutch Bros in the 3rd quarter worth $224,461,000. Wasatch Advisors LP raised its stake in shares of Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Eagle Asset Management Inc. boosted its position in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC increased its holdings in Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after buying an additional 555,000 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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