Dutch Bros (NYSE:BROS) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS) from a neutral rating to an outperform rating in a report published on Monday morning, Marketbeat Ratings reports. Robert W. Baird currently has $70.00 price target on the stock, up from their prior price target of $60.00.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $56.36.

Dutch Bros Stock Performance

BROS stock opened at $56.11 on Monday. The company has a 50-day simple moving average of $50.12 and a 200 day simple moving average of $40.46. The company has a market capitalization of $8.65 billion, a P/E ratio of 193.49, a PEG ratio of 3.89 and a beta of 2.71. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $59.18.

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

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. The trade was a 92.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 560,698 shares of company stock valued at $19,040,697. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jamison Private Wealth Management Inc. lifted its holdings in shares of Dutch Bros by 150.2% during the 3rd 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 raised its position in 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. Quest Partners LLC lifted its stake in 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 acquiring an additional 764 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Dutch Bros in the third quarter worth approximately $36,000. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth $38,000. 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.