Stifel Nicolaus Cuts Dutch Bros (NYSE:BROS) Price Target to $38.00

Dutch Bros (NYSE:BROS) had its price objective decreased by Stifel Nicolaus from $40.00 to $38.00 in a research report released on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also commented on BROS. Robert W. Baird decreased their target price on shares of Dutch Bros from $42.00 to $37.00 and set a neutral rating on the stock in a research report on Thursday. Bank of America upped their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. TD Cowen dropped their price objective on shares of Dutch Bros from $50.00 to $47.00 and set a buy rating for the company in a research note on Thursday. Barclays boosted their target price on Dutch Bros from $30.00 to $35.00 and gave the stock an equal weight rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an overweight rating in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $38.82.

Dutch Bros Stock Down 2.4 %

NYSE:BROS traded down $0.73 during mid-day trading on Thursday, hitting $29.49. The stock had a trading volume of 6,775,500 shares, compared to its average volume of 2,676,672. The stock has a 50-day simple moving average of $39.01 and a two-hundred day simple moving average of $33.75. The company has a market capitalization of $5.23 billion, a PE ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, equities research analysts anticipate that Dutch Bros will post 0.3 EPS for the current year.

Insider Activity

In related news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now owns 2,116,783 shares in the company, valued at $76,246,523.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 334,069 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the transaction, the chairman now owns 871,764 shares of the company’s stock, valued at approximately $32,124,503.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now directly owns 2,116,783 shares in the company, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,228,068 shares of company stock worth $44,765,154. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Allworth Financial LP lifted its position in shares of Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the period. Keudell Morrison Wealth Management lifted its position in shares of Dutch Bros by 5.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock worth $437,000 after buying an additional 524 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the 2nd quarter worth $27,000. Wealth Management Partners LLC increased its holdings in Dutch Bros by 4.2% in the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after purchasing an additional 756 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares in the last quarter. 85.54% of the stock is currently 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.