Dutch Bros’ (BROS) “Outperform” Rating Reaffirmed at William Blair

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating restated by analysts at William Blair in a research report issued on Tuesday,RTT News reports.

A number of other equities research analysts also recently commented on the stock. UBS Group raised their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price target on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lifted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.36.

Dutch Bros Stock Performance

Dutch Bros stock traded down $0.99 during trading hours on Tuesday, hitting $52.98. 2,426,701 shares of the stock traded hands, compared to its average volume of 2,791,742. The firm’s 50 day moving average price is $43.68 and its 200-day moving average price is $38.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 182.62, a P/E/G ratio of 3.89 and a beta of 2.72. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $56.10.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, equities analysts expect that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 39.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at $573,000. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the third quarter valued at $224,461,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after acquiring an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $1,786,000. 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.