Dutch Bros (NYSE:BROS) Sees Unusually-High Trading Volume After Analyst Upgrade

Shares of Dutch Bros Inc. (NYSE:BROS) saw unusually-high trading volume on Tuesday after Bank of America raised their price target on the stock from $44.00 to $49.00. Bank of America currently has a buy rating on the stock. Approximately 648,103 shares changed hands during trading, a decline of 71% from the previous session’s volume of 2,259,292 shares.The stock last traded at $39.65 and had previously closed at $39.88.

BROS has been the subject of a number of other research reports. Barclays raised their price objective on Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Wedbush raised their price objective on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, TD Cowen reaffirmed a “buy” rating and set a $46.00 price target on shares of Dutch Bros in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.90.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 102,292 shares of Dutch Bros stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $34.28, for a total value of $3,506,569.76. Following the completion of the transaction, the insider now owns 721,238 shares in the company, valued at approximately $24,724,038.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 102,292 shares of Dutch Bros stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $34.28, for a total value of $3,506,569.76. Following the completion of the transaction, the insider now owns 721,238 shares in the company, valued at approximately $24,724,038.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,811,698 shares of company stock worth $336,111,345. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after purchasing an additional 471 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after purchasing an additional 590 shares during the last quarter. Wealth Management Partners LLC boosted its holdings in shares of Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after purchasing an additional 756 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros during the 1st quarter worth approximately $26,000. Finally, Bullseye Asset Management LLC boosted its holdings in shares of Dutch Bros by 20.0% during the 4th quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock worth $190,000 after purchasing an additional 1,000 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Down 0.3 %

The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 221.57, a PEG ratio of 5.73 and a beta of 2.50. The company has a fifty day moving average price of $32.97 and a two-hundred day moving average price of $30.74. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. As a group, research analysts forecast that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

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.