Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $39.55

Dutch Bros Inc. (NYSE:BROS) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $40.09.

BROS has been the topic of a number of analyst reports. Wedbush boosted their price target on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Guggenheim raised their price target on Dutch Bros from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America upped their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Robert W. Baird raised their price objective on shares of Dutch Bros from $33.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd.

Dutch Bros Trading Up 1.5 %

NYSE BROS opened at $40.07 on Friday. The firm has a market capitalization of $7.10 billion, a PE ratio of 222.62, a P/E/G ratio of 6.46 and a beta of 2.53. The stock’s 50 day moving average is $37.54 and its 200 day moving average is $32.55. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last announced its earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. Research analysts forecast that Dutch Bros will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the sale, the insider now owns 634,543 shares of the company’s stock, valued at $22,856,238.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now directly owns 2,116,783 shares in the company, valued at $76,246,523.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $36.02, for a total transaction of $592,601.04. Following the sale, the insider now directly owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The disclosure for this sale can be found here. Insiders have sold 1,228,068 shares of company stock valued at $44,765,154 in the last ninety days. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares in the last quarter. Wasatch Advisors LP bought a new stake in Dutch Bros during the 1st quarter worth approximately $41,988,000. Joho Capital LLC lifted its holdings in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Dutch Bros by 191.7% in 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 period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Dutch Bros in the first quarter worth $23,137,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.