UBS Group Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its target price increased by UBS Group from $39.00 to $44.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential downside of 7.83% from the stock’s current price.

Other analysts also recently issued research reports about the stock. TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Finally, Robert W. Baird reduced their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.30.

Dutch Bros Trading Up 36.6 %

NYSE BROS traded up $12.80 during trading on Thursday, hitting $47.74. The stock had a trading volume of 10,147,964 shares, compared to its average volume of 2,744,276. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 193.60, a P/E/G ratio of 3.68 and a beta of 2.47. Dutch Bros has a one year low of $25.46 and a one year high of $50.24. The stock has a 50 day simple moving average of $33.24 and a 200 day simple moving average of $34.92.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Sell-side analysts predict that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock valued at $55,164,707 over the last ninety days. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. KBC Group NV boosted its holdings in Dutch Bros by 53.3% in the third quarter. KBC Group NV now owns 3,025 shares of the company’s stock valued at $97,000 after purchasing an additional 1,052 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Dutch Bros in the third quarter valued at $1,207,000. RPG Investment Advisory LLC purchased a new stake in Dutch Bros in the third quarter valued at $227,000. Victory Capital Management Inc. boosted its holdings in Dutch Bros by 18.1% in the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock valued at $753,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Aigen Investment Management LP boosted its holdings in Dutch Bros by 4.7% in the third quarter. Aigen Investment Management LP now owns 52,053 shares of the company’s stock valued at $1,667,000 after purchasing an additional 2,347 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.