Jefferies Financial Group Raises Dutch Bros (NYSE:BROS) Price Target to $69.00

Dutch Bros (NYSE:BROSGet Free Report) had its price target lifted by analysts at Jefferies Financial Group from $60.00 to $69.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 17.57% from the company’s current price.

BROS has been the topic of a number of other reports. UBS Group lifted 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. TD Cowen upped their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $58.00.

Get Our Latest Stock Analysis on Dutch Bros

Dutch Bros Price Performance

NYSE:BROS traded down $0.39 during trading hours on Wednesday, reaching $58.69. 1,635,045 shares of the company were exchanged, compared to its average volume of 2,857,649. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.05 billion, a PE ratio of 202.39, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $60.57. The stock’s 50-day moving average is $52.48 and its 200-day moving average is $41.02.

Dutch Bros (NYSE:BROSGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, sell-side analysts anticipate that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. acquired a new position in Dutch Bros during the 3rd quarter worth about $224,461,000. Wasatch Advisors LP lifted its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after purchasing an additional 222,650 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Dutch Bros (NYSE:BROS)

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.