Dutch Bros (NYSE:BROS) Price Target Raised to $55.00 at Wedbush

Dutch Bros (NYSE:BROS) had its price objective lifted by Wedbush from $45.00 to $55.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on BROS. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and cut their target price for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Stifel Nicolaus cut their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird cut their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Dutch Bros Stock Up 5.4 %

Shares of BROS stock traded up $2.41 during trading hours on Thursday, reaching $47.18. 6,638,047 shares of the company’s stock were exchanged, compared to its average volume of 2,810,135. The stock’s 50 day moving average is $33.53 and its 200-day moving average is $34.99. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 188.24, a P/E/G ratio of 3.64 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24.

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 the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue was up 27.9% on a year-over-year basis. Analysts predict that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now directly owns 432,518 shares in the company, valued at $13,849,226.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock valued at $55,164,707 in the last ninety days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. purchased a new position in Dutch Bros in the 3rd quarter worth approximately $224,461,000. Vanguard Group Inc. lifted its stake in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Dutch Bros in the 2nd quarter worth approximately $57,435,000. Concurrent Investment Advisors LLC lifted its stake in Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after purchasing an additional 1,109,370 shares in the last quarter. Finally, Joho Capital LLC lifted its stake in Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other 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.