Dutch Bros (NYSE:BROS) Upgraded at Baird R W

Baird R W upgraded shares of Dutch Bros (NYSE:BROS) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. 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 upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price target for the company from $60.00 to $70.00 in a research report on Monday. UBS Group upped their target price on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Piper Sandler lifted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. One 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $56.36.

Dutch Bros Price Performance

BROS stock opened at $56.11 on Monday. The company’s 50-day moving average price is $50.12 and its two-hundred day moving average price is $40.46. The firm has a market cap 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. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $59.18.

Dutch Bros (NYSE:BROS) last issued 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 during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, analysts anticipate that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 80,720 shares of the business’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 sale, the chairman now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its position in Dutch Bros by 20.7% in the 2nd quarter. Natixis Advisors LLC now owns 26,748 shares of the company’s stock valued at $1,107,000 after buying an additional 4,579 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Dutch Bros by 6,655.1% in the second quarter. Rhumbline Advisers now owns 84,776 shares of the company’s stock valued at $3,510,000 after purchasing an additional 83,521 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Dutch Bros by 3.7% during the second quarter. TD Asset Management Inc now owns 74,062 shares of the company’s stock valued at $3,066,000 after purchasing an additional 2,656 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Dutch Bros by 12.6% during the second quarter. Victory Capital Management Inc. now owns 19,918 shares of the company’s stock worth $825,000 after purchasing an additional 2,223 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Dutch Bros by 82.8% in the 2nd quarter. Arizona State Retirement System now owns 31,841 shares of the company’s stock worth $1,318,000 after purchasing an additional 14,423 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.