Dutch Bros (NYSE:BROS) Raised to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $70.00 target price on the stock, up from their prior target price of $60.00.

Other research analysts have also recently issued research reports about the company. Barclays raised their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Piper Sandler lifted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, TD Cowen boosted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.45.

Dutch Bros Stock Up 2.4 %

Shares of Dutch Bros stock opened at $57.73 on Monday. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $58.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a market capitalization of $8.90 billion, a P/E ratio of 199.08, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The business has a 50-day moving average of $49.68 and a two-hundred day moving average of $40.33.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for 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 period last year, the company posted $0.08 EPS. As a group, equities analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling

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 stock was 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 of the company’s stock, 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 sale, the chairman now owns 15,610 shares in the company, valued at $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock worth $19,040,697 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP boosted its holdings in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares in the last quarter. Marshall Wace LLP grew its position in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares during the period. Driehaus Capital Management LLC increased its stake in Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after purchasing an additional 222,650 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after purchasing an additional 741,771 shares in the last quarter. 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.