Dutch Bros (NYSE:BROS) Given New $46.00 Price Target at Robert W. Baird

Dutch Bros (NYSE:BROS) had its price target upped by Robert W. Baird from $37.00 to $46.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus decreased their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays decreased their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Dutch Bros Stock Up 5.4 %

BROS opened at $47.18 on Thursday. Dutch Bros has a one year low of $25.46 and a one year 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 stock’s fifty day moving average is $33.85 and its 200-day moving average is $35.16. The company has a market capitalization of $7.27 billion, a PE ratio of 162.70, a P/E/G ratio of 3.85 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. On average, equities analysts predict that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the business’s 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 owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the business’s 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 owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now owns 512,300 shares in the company, valued at $16,593,397. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in BROS. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the third quarter worth about $224,461,000. Vanguard Group Inc. lifted its position in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros in the second quarter worth about $57,435,000. Concurrent Investment Advisors LLC lifted its position in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after buying an additional 1,109,370 shares during the last quarter. Finally, Joho Capital LLC lifted its position in shares of Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after buying an additional 1,106,511 shares during the last quarter. Institutional investors and hedge funds 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.