Dutch Bros (NYSE:BROS) Given New $44.00 Price Target at UBS Group

Dutch Bros (NYSE:BROS) had its price objective lifted by UBS Group from $39.00 to $44.00 in a research report sent to investors on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on BROS. TD Cowen lifted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird cut their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Dutch Bros Trading Up 5.4 %

Shares of NYSE:BROS traded up $2.41 during trading on Thursday, reaching $47.18. 5,870,290 shares of the company were exchanged, compared to its average volume of 2,806,597. The firm has a market capitalization of $7.27 billion, a PE ratio of 188.24, a P/E/G ratio of 3.64 and a beta of 2.47. The business’s fifty day simple moving average is $33.53 and its 200-day simple moving average is $34.99. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $50.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. On average, research analysts anticipate that Dutch Bros will post 0.33 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the chairman now owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the transaction, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

Hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its stake in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Dutch Bros during the 1st quarter worth approximately $26,000. Jamison Private Wealth Management Inc. increased its position 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 valued at $27,000 after purchasing an additional 500 shares during the last quarter. Finally, Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the 3rd 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. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.