Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Dutch Bros (NYSE:BROS) had its price objective upped by Stifel Nicolaus from $42.00 to $53.00 in a research note issued to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on BROS. Robert W. Baird upped their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler increased their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. TD Cowen boosted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Price Performance

Shares of BROS opened at $46.61 on Thursday. The firm has a market cap of $7.19 billion, a PE ratio of 160.72, a price-to-earnings-growth ratio of 3.81 and a beta of 2.47. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24. The business’s 50 day moving average price is $35.48 and its two-hundred day moving average price is $35.83. 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 released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, equities analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 26.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 47.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,689,583 shares of company stock worth $55,164,707. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new position in shares of Dutch Bros in the 1st quarter worth about $26,000. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter worth about $27,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management increased its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

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.