Dutch Bros (NYSE:BROS) Price Target Raised to $51.00

Dutch Bros (NYSE:BROS) had its price target increased by Piper Sandler from $36.00 to $51.00 in a research report sent to investors on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other analysts also recently commented on BROS. Robert W. Baird boosted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. TD Cowen upped their price target 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, Barclays raised their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.30.

Dutch Bros Trading Down 1.1 %

NYSE BROS opened at $46.93 on Monday. 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 $50.24. The firm’s fifty day simple moving average is $35.18 and its 200-day simple moving average is $35.65. The company has a market capitalization of $7.24 billion, a PE ratio of 161.83, a price-to-earnings-growth ratio of 4.13 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. As a group, sell-side analysts anticipate that Dutch Bros will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares in the company, valued at approximately $22,810,208. This trade represents a 0.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 47.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new position in Dutch Bros during the second quarter worth about $27,000. Jamison Private Wealth Management Inc. boosted its holdings in Dutch Bros by 150.2% during the third 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 in the last quarter. Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Quest Partners LLC grew its stake in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. 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.