Dutch Bros (NYSE:BROS) Price Target Raised to $48.00 at JPMorgan Chase & Co.

Dutch Bros (NYSE:BROS) had its price objective increased by research analysts at JPMorgan Chase & Co. from $44.00 to $48.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.94% from the stock’s current price.

BROS has been the topic of a number of other reports. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays dropped their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. UBS Group increased their target price on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, 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. Three equities research 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 company has an average rating of “Moderate Buy” and an average price target of $43.60.

Dutch Bros Stock Up 32.2 %

Shares of BROS traded up $11.24 during mid-day trading on Thursday, reaching $46.18. 14,973,295 shares of the stock traded hands, compared to its average volume of 2,766,615. The stock has a fifty day simple moving average of $33.24 and a 200 day simple moving average of $34.92. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $50.24. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 186.92, a P/E/G ratio of 3.68 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Sell-side analysts expect that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the transaction, the insider now owns 712,819 shares of the company’s stock, valued at approximately $22,810,208. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the third quarter valued at $224,461,000. Vanguard Group Inc. lifted its stake in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after acquiring an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after buying an additional 222,650 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its position in Dutch Bros by 43.5% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after buying an additional 480,153 shares during the period. Institutional investors own 85.54% of the company’s stock.

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.