Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $77.82

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average rating of “Buy” from the twenty brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.8235.

Several brokerages have recently commented on BROS. Bank of America boosted their price objective on Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. CICC Research started coverage on Dutch Bros in a research report on Monday, June 30th. They issued an “outperform” rating and a $80.00 target price on the stock. Barclays boosted their target price on Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Robert W. Baird boosted their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, Piper Sandler decreased their target price on Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $63.00 on Monday. The stock’s 50-day simple moving average is $65.34 and its 200-day simple moving average is $65.84. Dutch Bros has a 52 week low of $30.30 and a 52 week high of $86.88. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 134.05, a PEG ratio of 3.54 and a beta of 2.63. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%. The business had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. As a group, analysts expect that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the sale, the insider directly owned 1,940,245 shares of the company’s stock, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 722,841 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,402,162 shares of company stock worth $161,160,132 over the last three months. 42.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Dutch Bros during the second quarter valued at approximately $444,000. Rakuten Securities Inc. grew its stake in shares of Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after buying an additional 379 shares during the last quarter. Voleon Capital Management LP grew its stake in shares of Dutch Bros by 54.4% during the second quarter. Voleon Capital Management LP now owns 12,169 shares of the company’s stock valued at $832,000 after buying an additional 4,289 shares during the last quarter. Shay Capital LLC bought a new position in shares of Dutch Bros during the second quarter valued at approximately $354,000. Finally, Oxford Asset Management LLP grew its stake in shares of Dutch Bros by 30.8% during the second quarter. Oxford Asset Management LLP now owns 10,778 shares of the company’s stock valued at $737,000 after buying an additional 2,537 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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.