Dutch Bros (NYSE:BROS) Stock Rating Upgraded by Guggenheim

Dutch Bros (NYSE:BROS) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Briefing.com reports.

BROS has been the topic of a number of other research reports. Barclays upped their price target on shares of Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. TD Cowen decreased their target price on Dutch Bros from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research report on Thursday. Stifel Nicolaus dropped their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.18.

Dutch Bros Trading Down 21.0 %

Shares of Dutch Bros stock traded down $7.92 during midday trading on Thursday, reaching $29.78. The company had a trading volume of 21,515,162 shares, compared to its average volume of 2,618,968. The stock has a fifty day moving average price of $39.24 and a 200 day moving average price of $33.76. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The firm has a market cap of $5.28 billion, a PE ratio of 164.94, a P/E/G ratio of 4.71 and a beta of 2.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. On average, equities analysts anticipate that Dutch Bros will post 0.3 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $36.02, for a total value of $592,601.04. Following the transaction, the insider now directly owns 634,543 shares in the company, valued at $22,856,238.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the transaction, the insider now owns 634,543 shares in the company, valued at approximately $22,856,238.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 264,798 shares of Dutch Bros stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $36.20, for a total value of $9,585,687.60. Following the sale, the chairman now owns 634,543 shares in the company, valued at $22,970,456.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,228,068 shares of company stock valued at $44,765,154. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Joho Capital LLC raised 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 acquiring an additional 1,106,511 shares during the period. Wasatch Advisors LP purchased a new position in Dutch Bros in the 1st quarter worth approximately $41,988,000. Concurrent Investment Advisors LLC boosted its stake in Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Dutch Bros by 8,247.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after buying an additional 1,068,352 shares in the last quarter. Hedge funds and other institutional investors 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.