Dutch Bros (NYSE:BROS) Receives “Buy” Rating from Stifel Nicolaus

Dutch Bros (NYSE:BROSGet Free Report)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a report released on Wednesday, Benzinga reports. They currently have a $40.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 25.98% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Barclays lowered their target price on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. TD Cowen reiterated a “market perform” rating and issued a $33.00 target price on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

View Our Latest Stock Analysis on Dutch Bros

Dutch Bros Trading Up 0.3 %

BROS opened at $31.75 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $36.17. The firm has a market capitalization of $5.62 billion, a PE ratio of 1,058.33 and a beta of 2.41. The company’s 50-day moving average is $29.81 and its 200 day moving average is $28.17.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. As a group, research analysts predict that Dutch Bros will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of Dutch Bros stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the completion of the transaction, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock valued at $561,438,392 over the last quarter. Corporate insiders own 49.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in Dutch Bros by 28.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after purchasing an additional 350 shares during the period. Cedar Mountain Advisors LLC lifted its position in Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after purchasing an additional 415 shares during the period. Allworth Financial LP lifted its position in Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after purchasing an additional 471 shares during the period. Dimensional Fund Advisors LP raised its position in Dutch Bros by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 16,235 shares of the company’s stock worth $462,000 after acquiring an additional 488 shares during the period. Finally, Captrust Financial Advisors raised its position in Dutch Bros by 87.9% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $35,000 after acquiring an additional 521 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

(Get Free Report)

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.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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