Dutch Bros (NYSE:BROS) Raised to “Overweight” at Barclays

Dutch Bros (NYSE:BROS) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a $70.00 target price on the stock, up from their previous target price of $38.00. Barclays‘s target price suggests a potential upside of 21.25% from the company’s current price.

BROS has been the topic of a number of other research reports. Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Jefferies Financial Group increased their price target on Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $56.36.

Dutch Bros Stock Up 2.4 %

Shares of BROS opened at $57.73 on Tuesday. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 199.08, a PEG ratio of 3.89 and a beta of 2.71. 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 business’s fifty day moving average price is $49.68 and its two-hundred day moving average price is $40.33. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $58.96.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for 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 quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. On average, analysts predict that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

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

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Dutch Bros in the 3rd quarter valued at about $573,000. Baillie Gifford & Co. bought a new position in Dutch Bros during the third quarter worth about $224,461,000. Charles Schwab Investment Management Inc. grew its holdings in Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Dutch Bros during the third quarter worth about $1,786,000. 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.