Dutch Bros Inc. (NYSE:BROS) Receives $34.44 Average Target Price from Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.44.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price on shares of Dutch Bros in a research note on Wednesday, April 3rd. Barclays reduced their price target on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Guggenheim reiterated a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. Finally, Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $37.00 in a report on Monday, March 4th.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now owns 1,378,683 shares in the company, valued at $38,685,844.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of BROS. Cedar Mountain Advisors LLC increased its stake in shares of Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after purchasing an additional 415 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Dutch Bros during the 4th quarter worth $40,000. Avior Wealth Management LLC lifted its holdings in shares of Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after buying an additional 1,208 shares in the last quarter. Allworth Financial LP boosted its position in shares of Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Dutch Bros by 240.6% in the third quarter. Geneos Wealth Management Inc. now owns 3,065 shares of the company’s stock valued at $71,000 after acquiring an additional 2,165 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of BROS opened at $28.35 on Tuesday. The stock has a 50 day simple moving average of $31.27 and a 200 day simple moving average of $29.07. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $36.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The firm has a market capitalization of $5.02 billion, a PE ratio of 945.00, a P/E/G ratio of 4.43 and a beta of 2.41.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. Sell-side analysts predict that Dutch Bros will post 0.26 EPS for the current fiscal year.

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.