Dutch Bros (NYSE:BROS) Price Target Raised to $58.00

Dutch Bros (NYSE:BROS) had its price target increased by JPMorgan Chase & Co. from $48.00 to $58.00 in a report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also weighed in on the stock. Robert W. Baird upped their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. TD Cowen upped their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wedbush boosted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.27.

Dutch Bros Stock Performance

Shares of BROS stock opened at $54.06 on Thursday. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $56.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 186.42, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. The business has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $39.13.

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

Insider Activity

In other news, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade represents a 96.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 approximately $327,691.46. The trade was a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last 90 days. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the 2nd quarter worth about $27,000. Jamison Private Wealth Management Inc. lifted its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% during the 3rd 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. Quest Partners LLC grew its stake 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. Finally, Point72 Hong Kong Ltd bought a new position in Dutch Bros in the 3rd quarter worth $36,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.