Dutch Bros (NYSE:BROS) Given New $55.00 Price Target at Wedbush

Dutch Bros (NYSE:BROS) had its target price boosted by research analysts at Wedbush from $45.00 to $55.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price indicates a potential upside of 57.46% from the company’s current price.

A number of other research analysts have also weighed in on BROS. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, August 15th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a report on Thursday, September 12th. Barclays dropped 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. Finally, Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.80.

Dutch Bros Stock Up 3.9 %

Shares of BROS stock opened at $34.93 on Thursday. The stock’s 50-day simple moving average is $33.24 and its 200-day simple moving average is $34.92. 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 firm has a market capitalization of $5.39 billion, a PE ratio of 139.72, a P/E/G ratio of 3.68 and a beta of 2.47. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $43.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Equities analysts expect that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 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 value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 800 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the sale, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the second quarter valued at approximately $27,000. Quest Partners LLC increased its stake in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Dutch Bros during the first quarter worth $26,000. Jamison Private Wealth Management Inc. increased its stake in 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 acquiring an additional 500 shares during the last quarter. Finally, Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 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.