Robert W. Baird Upgrades Dutch Bros (NYSE:BROS) to Outperform

Dutch Bros (NYSE:BROS) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $70.00 target price on the stock, up from their prior target price of $60.00. Robert W. Baird’s price target points to a potential upside of 21.93% from the stock’s current price.

Several other equities analysts have also commented on BROS. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $56.36.

Dutch Bros Stock Down 0.6 %

Shares of NYSE BROS opened at $57.41 on Monday. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $59.18. The company has a market capitalization of $8.85 billion, a P/E ratio of 197.97, a P/E/G ratio of 3.89 and a beta of 2.71. The company has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $40.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS) last posted 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. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, equities research analysts predict that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’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 $3,867,206.52. Following the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 over the last 90 days. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BROS. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the third quarter worth about $224,461,000. Wasatch Advisors LP grew its stake in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares during the last quarter. Marshall Wace LLP grew its stake in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC increased its position in Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after buying an additional 222,650 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.