Dutch Bros (NYSE:BROS) PT Lowered to $31.00 at Barclays

Dutch Bros (NYSE:BROS) had its price objective reduced by Barclays from $35.00 to $31.00 in a research note published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently weighed in on BROS. Stifel Nicolaus decreased their target price on shares of Dutch Bros from $40.00 to $38.00 and set a buy rating for the company in a research note on Thursday. Bank of America raised their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the company a buy rating in a research report on Monday, June 10th. Guggenheim upgraded Dutch Bros from a neutral rating to a buy rating in a research report on Thursday. TD Cowen decreased their price target on Dutch Bros from $50.00 to $47.00 and set a buy rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an overweight rating in a research report on Monday, June 3rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $38.82.

Dutch Bros Stock Up 1.9 %

NYSE:BROS traded up $0.55 during mid-day trading on Friday, hitting $30.04. The stock had a trading volume of 1,240,522 shares, compared to its average volume of 2,667,385. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49. The company has a market capitalization of $5.32 billion, a PE ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53. The stock has a 50-day simple moving average of $39.01 and a two-hundred day simple moving average of $33.84.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that Dutch Bros will post 0.3 EPS for the current year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 334,069 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the transaction, the chairman now directly owns 871,764 shares in the company, valued at approximately $32,124,503.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $6,138,988.90. Following the transaction, the insider now owns 1,616,308 shares of the company’s stock, valued at approximately $59,560,949.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 334,069 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $36.85, for a total value of $12,310,442.65. Following the completion of the sale, the chairman now owns 871,764 shares of the company’s stock, valued at $32,124,503.40. The disclosure for this sale can be found here. Insiders have sold 1,146,574 shares of company stock worth $41,829,740 in the last three months. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after buying an additional 1,661,778 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter worth approximately $57,435,000. Wasatch Advisors LP bought a new position in shares of Dutch Bros in the first quarter valued at approximately $41,988,000. Concurrent Investment Advisors LLC increased its stake in shares of Dutch Bros by 846.7% during the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after acquiring an additional 1,109,370 shares during the period. Finally, Joho Capital LLC raised its holdings in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares in the last quarter. Institutional investors 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.