Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $39.73

Dutch Bros Inc. (NYSE:BROS) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.73.

A number of research firms have commented on BROS. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Barclays cut their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, August 15th. Finally, Stifel Nicolaus cut their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Dutch Bros Stock Up 2.2 %

Shares of BROS stock opened at $31.00 on Monday. The stock’s 50 day simple moving average is $36.79 and its 200 day simple moving average is $34.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 172.22, a PEG ratio of 2.54 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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%. Dutch Bros’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, research analysts predict that Dutch Bros will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The disclosure for this sale can be found here. Insiders sold 624,116 shares of company stock worth $19,730,335 over the last ninety days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of 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 shares of 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 purchasing an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros during the 1st quarter valued at $26,000. Abound Wealth Management acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at $39,000. Finally, Quarry LP acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at $43,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.