Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $44.30

Dutch Bros Inc. (NYSE:BROS) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.30.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. TD Cowen raised their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays raised their target price on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

Dutch Bros Stock Down 0.6 %

BROS stock opened at $46.61 on Friday. Dutch Bros has a one year low of $25.46 and a one year high of $50.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The firm’s fifty day moving average is $35.48 and its 200 day moving average is $35.78. The firm has a market cap of $7.19 billion, a PE ratio of 160.72, a P/E/G ratio of 3.81 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last announced its quarterly 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. The firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. On average, research analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, 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 value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The trade was a 26.37 % 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 worth $55,164,707 in the last quarter. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently made changes to their positions in BROS. Transcendent Capital Group LLC acquired a new stake in Dutch Bros in the 1st quarter valued at approximately $26,000. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros during the second quarter worth $27,000. Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% in the third 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 in the last quarter. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the period. Finally, Quest Partners LLC boosted 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 valued at $33,000 after acquiring an additional 764 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.