Dutch Bros (NYSE:BROS) Raised to Outperform at Robert W. Baird

Dutch Bros (NYSE:BROS) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a $70.00 price target on the stock, up from their prior price target of $60.00. Robert W. Baird’s target price suggests a potential upside of 21.93% from the stock’s current price.

Several other analysts also recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their price target on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wedbush boosted their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $56.36.

Dutch Bros Stock Performance

Shares of BROS opened at $57.41 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a 50-day moving average of $50.12 and a two-hundred day moving average of $40.46. The stock has a market cap of $8.85 billion, a P/E ratio of 197.97, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros has a one year low of $25.46 and a one year high of $59.18.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (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 analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. As a group, research analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’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 completion of the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the transaction, the chairman now owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 over the last three months. 46.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Dutch Bros

Several large investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. raised 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 valued at $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management increased its holdings 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 purchasing an additional 314 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dutch Bros during the third quarter worth approximately $36,000. Finally, nVerses Capital LLC acquired a new position in Dutch Bros during the third quarter worth $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.