JPMorgan Chase & Co. Raises Dutch Bros (NYSE:BROS) Price Target to $58.00

Dutch Bros (NYSE:BROS) had its price objective increased by JPMorgan Chase & Co. from $48.00 to $58.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 10.20% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday. Barclays increased their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.27.

Dutch Bros Stock Performance

NYSE:BROS traded up $1.36 during mid-day trading on Thursday, reaching $52.63. The company’s stock had a trading volume of 1,005,226 shares, compared to its average volume of 2,781,925. The firm’s fifty day moving average price is $44.51 and its two-hundred day moving average price is $38.88. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $56.10. The stock has a market cap of $8.12 billion, a P/E ratio of 181.49, a PEG ratio of 3.89 and a beta of 2.72. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

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

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction 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 sale, the chairman now directly owns 15,610 shares of the company’s stock, 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 through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the second quarter worth about $27,000. Jamison Private Wealth Management Inc. lifted its position in Dutch Bros by 150.2% during the third 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 period. Hollencrest Capital Management boosted 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 worth $29,000 after acquiring an additional 314 shares during the last quarter. Quest Partners LLC raised its stake in 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 during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the 3rd quarter worth $36,000. 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.