Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective increased by equities researchers at Stifel Nicolaus from $42.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 13.71% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on BROS. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group boosted their price objective on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler raised their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $46.61 on Thursday. The company has a market cap of $7.19 billion, a PE ratio of 160.72, a P/E/G ratio of 3.81 and a beta of 2.47. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The firm has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $35.78. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

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

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the sale, the insider now directly owns 432,518 shares of the company’s stock, valued at $13,849,226.36. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The trade was a 47.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,689,583 shares of company stock valued at $55,164,707 over the last 90 days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros during the first quarter worth $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. raised its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares in 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.