Stifel Nicolaus Raises Dutch Bros (NYSE:BROS) Price Target to $62.00

Dutch Bros (NYSE:BROS) had its price objective raised by equities research analysts at Stifel Nicolaus from $53.00 to $62.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.97% from the company’s previous close.

A number of other equities analysts have also recently commented on BROS. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $70.00 in a report on Tuesday. Piper Sandler lifted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $70.00 in a research note on Monday. Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, UBS Group upped their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $57.18.

Dutch Bros Stock Performance

NYSE BROS traded down $0.33 during trading hours on Friday, hitting $55.87. The company had a trading volume of 664,326 shares, compared to its average volume of 2,435,660. The business has a 50 day moving average of $51.04 and a 200-day moving average of $40.67. 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 has a 1-year low of $25.46 and a 1-year high of $59.18. The company has a market cap of $8.61 billion, a PE ratio of 192.66, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71.

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

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated 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 approximately $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of BROS. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth approximately $573,000. Baillie Gifford & Co. purchased a new position in Dutch Bros during the third quarter worth $224,461,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dutch Bros by 35.9% in the third 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 lifted its position in shares of Dutch Bros by 38.0% in 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 valued at $6,817,000 after acquiring an additional 58,623 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dutch Bros during the third quarter valued at $1,786,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.