Dutch Bros (NYSE:BROS) PT Lowered to $31.00 at Barclays

Dutch Bros (NYSE:BROS) had its price target cut by research analysts at Barclays from $35.00 to $31.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 5.12% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research note on Thursday. Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday. Bank of America raised their price target on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

Dutch Bros Stock Performance

NYSE BROS traded down $0.73 during trading hours on Friday, hitting $29.49. 6,803,916 shares of the company’s stock traded hands, compared to its average volume of 2,676,672. The business’s fifty day moving average price is $39.01 and its two-hundred day moving average price is $33.84. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $5.23 billion, a P/E ratio of 163.83, a P/E/G ratio of 4.71 and a beta of 2.53. Dutch Bros has a 52 week low of $22.67 and a 52 week high of $43.49.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The company had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts predict that Dutch Bros will post 0.3 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 264,798 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total transaction of $9,585,687.60. Following the completion of the transaction, the chairman now owns 634,543 shares in the company, valued at approximately $22,970,456.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the completion of the transaction, the insider now owns 650,995 shares in the company, valued at approximately $23,605,078.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 264,798 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total value of $9,585,687.60. Following the sale, the chairman now directly owns 634,543 shares of the company’s stock, valued at $22,970,456.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,228,068 shares of company stock worth $44,765,154. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Savoir Faire Capital Management L.P. bought a new stake in Dutch Bros during the 2nd quarter valued at $1,242,000. Renaissance Technologies LLC bought a new stake in Dutch Bros during the 2nd quarter valued at $57,435,000. Dimensional Fund Advisors LP raised its position in Dutch Bros by 257.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,598 shares of the company’s stock valued at $6,401,000 after purchasing an additional 111,398 shares in the last quarter. Abound Wealth Management bought a new stake in Dutch Bros during the 2nd quarter valued at $39,000. Finally, Redwood Wealth Management Group LLC bought a new stake in Dutch Bros during the 2nd quarter valued at $72,000. 85.54% of the stock is owned by institutional investors.

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.