Dutch Bros (NYSE:BROS – Get Free Report) had its price target upped by equities research analysts at Stifel Nicolaus from $53.00 to $62.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.97% from the stock’s current price.
BROS has been the topic of several other reports. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Piper Sandler upped their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Barclays raised 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $57.18.
Read Our Latest Analysis on Dutch Bros
Dutch Bros Trading Down 0.6 %
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.
Insider Buying and Selling at Dutch Bros
In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 96.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction 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 represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 over the last three months. 46.50% of the stock is owned by company insiders.
Institutional Trading of Dutch Bros
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jamison Private Wealth Management Inc. lifted its holdings in Dutch Bros by 150.2% during the 3rd 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 raised its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Quest Partners LLC lifted 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 purchasing an additional 764 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the third quarter worth $36,000. Finally, nVerses Capital LLC bought a new stake in Dutch Bros during the third quarter valued at $38,000. 85.54% of the stock is owned by institutional investors.
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.
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