Brokerages Set Dutch Bros Inc. (NYSE:BROS) PT at $47.30

Dutch Bros Inc. (NYSE:BROS) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $49.40.

Several analysts have commented on BROS shares. UBS Group raised their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $34.01, for a total transaction of $156,446.00. Following the transaction, the insider now owns 507,700 shares in the company, valued at approximately $17,266,877. This represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 593,131 shares of company stock worth $20,145,930. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros during the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $55.14 on Wednesday. The stock’s 50 day moving average price is $41.19 and its 200-day moving average price is $37.91. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $56.10. The stock has a market capitalization of $8.50 billion, a PE ratio of 190.14, a price-to-earnings-growth ratio of 3.99 and a beta of 2.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

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, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities research analysts predict that Dutch Bros will post 0.39 EPS for the current year.

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.