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

Dutch Bros (NYSE:BROS) had its price objective lifted by analysts at Barclays from $31.00 to $38.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 19.46% from the stock’s previous close.

A number of other equities research analysts have also issued reports on BROS. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush lifted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group lifted their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Dutch Bros Price Performance

BROS traded up $2.41 on Friday, hitting $47.18. 3,277,968 shares of the company were exchanged, compared to its average volume of 2,794,651. The business’s fifty day moving average is $33.53 and its 200 day moving average is $34.99. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. 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 firm has a market capitalization of $7.27 billion, a P/E ratio of 188.24, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, sell-side analysts anticipate that Dutch Bros will post 0.33 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was 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 $14,759,732.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $22,810,208. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 426,891 shares of the 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new position in Dutch Bros in the first quarter worth about $4,430,000. Janney Montgomery Scott LLC raised its position in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after acquiring an additional 13,395 shares in the last quarter. SG Americas Securities LLC bought a new position in Dutch Bros during the first quarter worth $200,000. 1832 Asset Management L.P. bought a new position in Dutch Bros during the second quarter worth $4,339,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Dutch Bros in the first quarter worth $2,072,000. Hedge funds and other 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.