Dutch Bros (NYSE:BROS) Given New $69.00 Price Target at Jefferies Financial Group

Dutch Bros (NYSE:BROS) had its price target raised by Jefferies Financial Group from $60.00 to $69.00 in a research report sent to investors on Wednesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Stifel Nicolaus raised their target price on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $58.00.

Dutch Bros Trading Up 0.2 %

Shares of BROS opened at $59.00 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 firm has a 50 day simple moving average of $52.96 and a 200-day simple moving average of $41.14. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $60.57. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 203.46, a price-to-earnings-growth ratio of 3.16 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $0.08 EPS. The company’s revenue was up 27.9% on a year-over-year basis. Equities analysts forecast that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 560,698 shares of company stock valued at $19,040,697. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management lifted its stake 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 acquiring an additional 314 shares during the period. Quest Partners LLC lifted 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 worth $33,000 after acquiring an additional 764 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $36,000. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $38,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.