Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $44.30

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $45.80.

A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. TD Cowen boosted 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. Stifel Nicolaus decreased their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th.

Dutch Bros Trading Up 2.7 %

BROS stock opened at $48.44 on Friday. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $50.24. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $34.20 and its 200-day moving average is $35.35. The firm has a market cap of $7.47 billion, a P/E ratio of 167.04, a P/E/G ratio of 5.20 and a beta of 2.47.

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 analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares in the company, valued at approximately $14,938,496. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction 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 owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 800 shares of Dutch Bros stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last three months. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros in the second quarter worth $27,000. Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Transcendent Capital Group LLC bought a new position in Dutch Bros during the first quarter worth about $26,000. Jamison Private Wealth Management Inc. grew its stake in 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 acquiring an additional 500 shares during the period. Finally, Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 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.