Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $58.00

Shares of Dutch Bros Inc. (NYSE:BROS) have earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $58.00.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 80,720 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares in the company, 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. Insiders have sold 560,698 shares of company stock valued at $19,040,697 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Dutch Bros during the fourth quarter worth about $25,000. Jamison Private Wealth Management Inc. boosted its position in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 1.3 %

NYSE:BROS opened at $60.13 on Thursday. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 207.34, a price-to-earnings-growth ratio of 3.34 and a beta of 2.71. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $61.33. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $54.79 and a 200-day simple moving average of $42.04.

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

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.