Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective lifted by Stifel Nicolaus from $42.00 to $53.00 in a report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also weighed in on BROS. Robert W. Baird lifted their price objective on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their price target on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Price Performance

Dutch Bros stock traded down $0.74 during midday trading on Thursday, reaching $46.16. 1,096,101 shares of the company were exchanged, compared to its average volume of 2,817,922. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 160.00, a P/E/G ratio of 3.81 and a beta of 2.47. The firm’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $35.65. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $50.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity

In other news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the sale, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. This represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction 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. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last 90 days. 46.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management increased its position in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Creative Planning increased its holdings in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in shares of Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. increased its holdings in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC increased its holdings in shares of Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares during the last quarter. 85.54% of the stock is 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.