Dutch Bros (NYSE:BROS) Price Target Raised to $62.00

Dutch Bros (NYSE:BROS) had its price target increased by Stifel Nicolaus from $53.00 to $62.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on BROS. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Jefferies Financial Group upped their target price on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $57.18.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $57.42 on Friday. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $59.18. The business’s 50 day moving average price is $51.52 and its two-hundred day moving average price is $40.80. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.85 billion, a PE ratio of 198.01, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71.

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 business had revenue of $338.20 million during 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%. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 71.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $33.38, for a total transaction 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. This 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 sold 560,698 shares of company stock worth $19,040,697. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the 3rd quarter valued at $224,461,000. Wasatch Advisors LP lifted its holdings in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Marshall Wace LLP raised its position in Dutch Bros by 15.4% in the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares during the period. Driehaus Capital Management LLC boosted 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 buying an additional 222,650 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after buying an additional 741,771 shares during the period. Institutional investors own 85.54% of the company’s stock.

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.