Analysts Set Dutch Bros Inc. (NYSE:BROS) Price Target at $51.27

Dutch Bros Inc. (NYSE:BROS) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $51.27.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 16th. Piper Sandler upped their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th.

Dutch Bros Trading Up 0.1 %

Dutch Bros stock opened at $56.35 on Friday. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $58.10. 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 stock has a market cap of $8.69 billion, a P/E ratio of 194.32, a P/E/G ratio of 3.89 and a beta of 2.72. The company’s fifty day simple moving average is $49.24 and its 200-day simple moving average is $40.19.

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

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently added to or reduced their stakes in BROS. Virtu Financial LLC bought a new stake in shares of Dutch Bros during the third quarter valued at approximately $573,000. Baillie Gifford & Co. acquired a new stake in Dutch Bros during the third quarter worth $224,461,000. Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $1,786,000. Institutional investors and hedge funds 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.