Jefferies Financial Group Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective upped by investment analysts at Jefferies Financial Group from $60.00 to $69.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 14.06% from the stock’s current price.

Other analysts have also issued research reports about the company. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Wedbush increased their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective 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. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has an average rating of “Buy” and an average target price of $58.00.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $60.49 on Wednesday. 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 cap of $9.33 billion, a PE ratio of 208.60, a price-to-earnings-growth ratio of 3.16 and a beta of 2.71. The firm has a fifty day moving average price of $53.28 and a two-hundred day moving average price of $41.28. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $61.09.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. Analysts expect that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros 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 value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 71.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s 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 completion of the transaction, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. 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 over the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Harbor Investment Advisory LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $60,000. My Legacy Advisors LLC bought a new position in Dutch Bros in the 4th quarter worth approximately $233,000. Radnor Capital Management LLC acquired a new position in Dutch Bros during the 4th quarter worth $243,000. Harbor Capital Advisors Inc. lifted its holdings in Dutch Bros by 6.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after buying an additional 1,661 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in Dutch Bros in the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.