Dutch Bros (NYSE:BROS) Given New $53.00 Price Target at Stifel Nicolaus

Dutch Bros (NYSE:BROS) had its price target upped by Stifel Nicolaus from $42.00 to $53.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. UBS Group lifted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their price objective 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. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Price Performance

Dutch Bros stock traded down $0.74 during mid-day trading on Thursday, reaching $46.16. 1,096,101 shares of the company’s stock traded hands, compared to its average volume of 2,817,922. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $50.24. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 160.00, a PEG ratio of 3.81 and a beta of 2.47. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $35.18 and a two-hundred day moving average of $35.65.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts forecast that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last three months. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros during the third quarter worth about $224,461,000. Vanguard Group Inc. grew its position in shares of Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after purchasing an additional 222,650 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.