Dutch Bros (NYSE:BROS) Given New $62.00 Price Target at Stifel Nicolaus

Dutch Bros (NYSE:BROS) had its price objective boosted by Stifel Nicolaus from $53.00 to $62.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BROS has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Monday, January 6th. UBS Group increased their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $70.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $57.18.

Dutch Bros Price Performance

BROS stock opened at $57.42 on Friday. The stock’s 50 day moving average price is $51.04 and its 200 day moving average price is $40.67. The firm has a market cap of $8.85 billion, a P/E ratio of 198.01, a PEG ratio of 3.89 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $59.18.

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, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts expect that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Activity 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 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was 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. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. Jamison Private Wealth Management Inc. lifted its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the third quarter valued at about $36,000. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros during the third quarter valued at about $38,000. 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.