Dutch Bros (NYSE:BROS) Price Target Raised to $60.00 at Jefferies Financial Group

Dutch Bros (NYSE:BROS) had its target price hoisted by stock analysts at Jefferies Financial Group from $45.00 to $60.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.25% from the company’s current price.

A number of other research analysts have also commented on the company. Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. 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, JPMorgan Chase & Co. lifted their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.36.

Dutch Bros Stock Performance

BROS stock opened at $52.98 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 182.69, a PEG ratio of 3.89 and a beta of 2.72. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $56.10. The stock’s fifty day moving average is $43.68 and its two-hundred day moving average is $38.66.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company 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%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. On average, research analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 39.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the 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 $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

A number of hedge funds have recently made changes to their positions in BROS. Baillie Gifford & Co. bought a new position in Dutch Bros during the third quarter valued at approximately $224,461,000. Wasatch Advisors LP raised its position in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Marshall Wace LLP raised its position in Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after acquiring an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC raised its position in Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after acquiring an additional 222,650 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.