Dutch Bros (NYSE:BROS) Upgraded by Barclays to “Overweight” Rating

Barclays upgraded shares of Dutch Bros (NYSE:BROS) from an equal weight rating to an overweight rating in a research note published on Tuesday, Marketbeat.com reports. The firm currently has $70.00 price objective on the stock, up from their prior price objective of $38.00.

A number of other research analysts have also issued reports on BROS. Wedbush raised their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Monday. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $56.36.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $56.11 on Tuesday. The company’s 50 day moving average price is $50.58 and its two-hundred day moving average price is $40.57. The firm has a market capitalization of $8.65 billion, a P/E ratio of 193.49, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $59.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. On average, equities analysts forecast 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 Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last quarter. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BROS. Jamison Private Wealth Management Inc. raised its stake in shares of 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 purchasing an additional 500 shares during the period. Hollencrest Capital Management grew its holdings in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Quest Partners LLC increased its position in shares of Dutch Bros by 3,321.7% during the second 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 period. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the third quarter worth about $36,000. Finally, nVerses Capital LLC bought a new position in shares of Dutch Bros in the third quarter valued at approximately $38,000. 85.54% of the stock is currently owned by hedge funds and other 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.