Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dutch Bros (NYSE:BROS) had its price objective lifted by JPMorgan Chase & Co. from $48.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently issued reports on BROS. Robert W. Baird boosted their price objective on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Wedbush raised their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Barclays raised their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.27.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $54.06 on Thursday. The firm has a fifty day moving average price of $45.38 and a two-hundred day moving average price of $39.13. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. 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 company has a market cap of $8.34 billion, a PE ratio of 186.42, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 96.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the second quarter worth approximately $27,000. Quest Partners LLC grew its holdings in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the period. Jamison Private Wealth Management Inc. grew its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management raised its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Finally, Abound Wealth Management acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $39,000. 85.54% of the stock is currently 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.