Dutch Bros (NYSE:BROS) Price Target Raised to $46.00 at Robert W. Baird

Dutch Bros (NYSE:BROS) had its price target hoisted by Robert W. Baird from $37.00 to $46.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on the company. UBS Group lifted their price objective on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday. Wedbush increased their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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 mid-day trading on Thursday, reaching $47.18. The company had a trading volume of 6,638,047 shares, compared to its average volume of 2,810,135. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24. The business’s 50-day moving average is $33.53 and its 200-day moving average is $34.99. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 188.24, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

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. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. Equities analysts expect that Dutch Bros will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. 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 the SEC website. In related news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 115,854 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. 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 owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros in the first quarter valued at approximately $26,000. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. boosted its holdings in 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 buying an additional 500 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares in the last quarter. Hedge funds and other institutional investors 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.