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

Dutch Bros (NYSE:BROS) had its price target hoisted by equities researchers at Barclays from $31.00 to $38.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 19.46% from the company’s previous close.

Several other research firms have also commented on BROS. Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Cowen lifted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird lifted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Finally, Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.30.

Dutch Bros Trading Up 5.4 %

BROS stock opened at $47.18 on Friday. The firm has a fifty day moving average price of $33.85 and a 200 day moving average price of $35.16. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The firm has a market cap of $7.27 billion, a PE ratio of 162.70, a price-to-earnings-growth ratio of 3.85 and a beta of 2.47. 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 (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.58%. The company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The trade was a 0.00 % 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 this link. In related news, Chairman Travis Boersma sold 800 shares of Dutch Bros 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 completion of the sale, the chairman now directly owns 466,828 shares in the company, valued at $14,938,496. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were 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 owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the third quarter valued at about $224,461,000. Vanguard Group Inc. raised its holdings in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Marshall Wace LLP raised its holdings in Dutch Bros by 15.4% in the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after purchasing an additional 222,650 shares in the last quarter. Finally, Davidson Kempner Capital Management LP raised its holdings in Dutch Bros by 43.5% in the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after purchasing an additional 480,153 shares in the last quarter. 85.54% of the stock is currently owned by 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.