Stifel Nicolaus Cuts Dutch Bros (NYSE:BROS) Price Target to $82.00

Dutch Bros (NYSE:BROS) had its price target reduced by equities researchers at Stifel Nicolaus from $85.00 to $82.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 29.26% from the stock’s current price.

A number of other analysts also recently commented on the company. Guggenheim upped their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Bank of America boosted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. TD Securities reiterated a “buy” rating and issued a $78.00 price objective on shares of Dutch Bros in a research report on Thursday. Finally, Barclays dropped their target price on Dutch Bros from $94.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $75.21.

Dutch Bros Trading Down 1.6 %

Dutch Bros stock opened at $63.44 on Thursday. Dutch Bros has a 52 week low of $26.96 and a 52 week high of $86.88. The stock has a 50-day moving average price of $61.01 and a 200 day moving average price of $58.14. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 186.59, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Sell-side analysts anticipate that Dutch Bros will post 0.57 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last 90 days. 42.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Dutch Bros

Large investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP purchased a new position in shares of Dutch Bros during the 1st quarter worth $1,382,000. Deutsche Bank AG increased its position in Dutch Bros by 12.2% during the first quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock worth $37,852,000 after purchasing an additional 66,819 shares during the last quarter. Monetta Financial Services Inc. purchased a new position in Dutch Bros during the first quarter worth about $741,000. West Michigan Advisors LLC acquired a new position in Dutch Bros in the 1st quarter valued at about $401,000. Finally, ING Groep NV grew its stake in shares of Dutch Bros by 582.9% in the 1st quarter. ING Groep NV now owns 282,700 shares of the company’s stock valued at $17,454,000 after buying an additional 241,300 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.