Dutch Bros (NYSE:BROS) Price Target Raised to $72.00

Dutch Bros (NYSE:BROS) had its price objective hoisted by Bank of America from $61.00 to $72.00 in a report issued on Monday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other research analysts also recently commented on BROS. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $60.00 to $70.00 in a report on Monday, January 6th. TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group upped their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $60.09.

Dutch Bros Trading Up 3.7 %

Dutch Bros stock opened at $61.82 on Monday. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $62.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a market capitalization of $9.53 billion, a P/E ratio of 213.18, a PEG ratio of 3.34 and a beta of 2.71. The stock has a 50-day simple moving average of $55.40 and a 200 day simple moving average of $42.46.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. Analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 439,655 shares of company stock valued at $14,679,518 in the last 90 days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC bought a new position in Dutch Bros in the 4th quarter worth approximately $41,000. Jamison Private Wealth Management Inc. boosted its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Finally, Quarry LP bought a new position in Dutch Bros in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.