Dutch Bros (NYSE:BROS) PT Raised to $35.00

Dutch Bros (NYSE:BROS) had its price target boosted by research analysts at Barclays from $30.00 to $35.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 6.87% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $37.00 in a report on Monday, March 4th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Wedbush upped their target price on Dutch Bros from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim reiterated a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Finally, TD Cowen reiterated a “hold” rating and set a $33.00 price target on shares of Dutch Bros in a report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Dutch Bros Stock Up 3.1 %

Shares of BROS opened at $32.75 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. Dutch Bros has a one year low of $22.67 and a one year high of $36.17. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 1,091.67, a PEG ratio of 4.33 and a beta of 2.43. The stock has a 50 day moving average price of $31.35 and a 200 day moving average price of $29.20.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. Equities research analysts forecast that Dutch Bros will post 0.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 98,017 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the transaction, the chairman now owns 672,439 shares of the company’s stock, valued at approximately $24,234,701.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the sale, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 98,017 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $3,532,532.68. Following the completion of the sale, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in Dutch Bros by 42.9% in the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after purchasing an additional 2,578,145 shares during the last quarter. Wasatch Advisors LP purchased a new stake in Dutch Bros in the first quarter valued at $41,988,000. Vanguard Group Inc. boosted its stake in Dutch Bros by 32.1% in the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after acquiring an additional 1,120,908 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after purchasing an additional 773,616 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Dutch Bros during the first quarter worth about $23,137,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.