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

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $47.30.

A number of research firms have recently issued reports on BROS. JPMorgan Chase & Co. increased their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler raised their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Barclays upped their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This represents a 47.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at $224,461,000. Susquehanna Fundamental Investments LLC purchased a new stake in Dutch Bros in the first quarter valued at $4,430,000. Janney Montgomery Scott LLC grew its position in Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after purchasing an additional 13,395 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dutch Bros during the 1st quarter valued at about $200,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros in the 2nd quarter valued at about $4,339,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Trading Down 0.6 %

BROS stock opened at $46.61 on Friday. The company has a market capitalization of $7.19 billion, a PE ratio of 160.72, a P/E/G ratio of 3.81 and a beta of 2.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $50.24. The firm’s 50-day moving average is $35.48 and its 200 day moving average is $35.78.

Dutch Bros (NYSE:BROS) last posted 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 the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, research analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

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.