UBS Group Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target boosted by UBS Group from $44.00 to $65.00 in a research note released on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays increased their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.40.

Dutch Bros Stock Up 2.2 %

NYSE BROS opened at $55.15 on Friday. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $56.10. The stock has a market cap of $8.50 billion, a PE ratio of 190.17, a PEG ratio of 4.00 and a beta of 2.72. The firm has a 50-day simple moving average of $41.19 and a 200 day simple moving average of $37.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last issued its earnings results 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 analyst estimates of $324.97 million. During the same period in the prior year, the company posted $0.08 earnings per share. Dutch Bros’s revenue was up 27.9% on a year-over-year basis. On average, research analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the sale, the insider now directly owns 512,300 shares in the company, valued at $16,593,397. This trade represents a 26.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 280,518 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the transaction, the chairman now owns 322,177 shares in the company, valued at approximately $10,425,647.72. The trade was a 46.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,060,067 shares of company stock valued at $35,261,572. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros during the 2nd quarter worth $27,000. Quest Partners LLC boosted its position 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 worth $33,000 after purchasing an additional 764 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management increased its holdings in 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 during the last quarter. Finally, Abound Wealth Management acquired a new position in Dutch Bros in the second quarter valued at about $39,000. 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.