Jefferies Financial Group Raises Dutch Bros (NYSE:BROS) Price Target to $60.00

Dutch Bros (NYSE:BROS) had its price objective lifted by equities researchers at Jefferies Financial Group from $45.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 12.82% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird lifted 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, November 7th. Piper Sandler lifted their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.36.

Dutch Bros Stock Up 2.2 %

Shares of BROS traded up $1.12 during midday trading on Monday, reaching $53.18. 948,332 shares of the stock were exchanged, compared to its average volume of 2,785,684. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $56.10. The firm has a 50 day simple moving average of $43.24 and a 200-day simple moving average of $38.54. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 184.03, a P/E/G ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Research analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 over the last 90 days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Creative Planning increased its holdings in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares during the period. Keudell Morrison Wealth Management increased its holdings in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after purchasing an additional 490 shares during the period. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC increased its holdings in Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after purchasing an additional 500 shares during the period. 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.