Bank of America Boosts Dutch Bros (NYSE:BROS) Price Target to $72.00

Dutch Bros (NYSE:BROS) had its target price upped by analysts at Bank of America from $61.00 to $72.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 20.96% from the stock’s current price.

BROS has been the subject of a number of other reports. Stifel Nicolaus upped their target price on shares of Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Buy” and an average target price of $60.09.

Dutch Bros Price Performance

Shares of BROS opened at $59.53 on Monday. The firm has a fifty day simple moving average of $55.21 and a two-hundred day simple moving average of $42.33. The firm has a market cap of $9.18 billion, a PE ratio of 205.27, a P/E/G ratio of 3.34 and a beta of 2.71. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $61.33.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS 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 analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, equities analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling 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 that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 439,655 shares of company stock worth $14,679,518. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Dutch Bros in the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. lifted its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% in 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 bought a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC purchased a new stake in Dutch Bros during the 3rd quarter valued at $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.