Barclays Raises Dutch Bros (NYSE:BROS) Price Target to $72.00

Dutch Bros (NYSE:BROS) had its price target increased by stock analysts at Barclays from $65.00 to $72.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 31.87% from the stock’s current price.

Several other analysts have also weighed in on BROS. Mizuho raised Dutch Bros to a “strong-buy” rating in a research note on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. UBS Group reiterated a “buy” rating and issued a $85.00 target price on shares of Dutch Bros in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on Dutch Bros from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus price target of $77.39.

Dutch Bros Price Performance

Shares of BROS traded down $0.96 during trading hours on Thursday, hitting $54.60. 1,329,378 shares of the company were exchanged, compared to its average volume of 3,401,857. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 114.40, a P/E/G ratio of 2.72 and a beta of 2.56. Dutch Bros has a fifty-two week low of $43.50 and a fifty-two week high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $58.10 and its 200 day moving average is $63.13.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Dutch Bros has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the transaction, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 over the last 90 days. 42.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently added to or reduced their stakes in BROS. Ninety One UK Ltd bought a new stake in Dutch Bros in the third quarter worth approximately $135,336,000. Marshall Wace LLP increased its holdings in Dutch Bros by 139.2% in the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after purchasing an additional 1,460,376 shares in the last quarter. Norges Bank bought a new stake in Dutch Bros in the second quarter worth approximately $93,525,000. BNP Paribas Financial Markets increased its holdings in Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock worth $70,661,000 after purchasing an additional 1,076,045 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Dutch Bros by 70.9% in the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after purchasing an additional 967,861 shares in the last quarter. 85.54% of the stock is currently owned by 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.