Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Dutch Bros (NYSE:BROS) had its price target boosted by Robert W. Baird from $66.00 to $72.00 in a report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Guggenheim upped their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Stifel Nicolaus boosted their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Piper Sandler raised their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Bank of America boosted their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an “overweight” rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $75.21.

Dutch Bros Stock Down 1.6 %

Dutch Bros stock opened at $63.44 on Thursday. The firm has a 50 day simple moving average of $61.01 and a 200 day simple moving average of $58.31. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 186.59, a P/E/G ratio of 4.23 and a beta of 2.71.

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

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently made changes to their positions in the business. FIL Ltd bought a new stake in Dutch Bros in the fourth quarter valued at $176,298,000. FMR LLC increased its position in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after buying an additional 3,227,435 shares during the period. Raymond James Financial Inc. purchased a new stake in Dutch Bros in the fourth quarter worth about $94,478,000. Concurrent Investment Advisors LLC boosted its position in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after acquiring an additional 782,164 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after acquiring an additional 627,875 shares during the period. 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.