Dutch Bros (NYSE:BROS) Upgraded by Baird R W to Strong-Buy Rating

Baird R W upgraded shares of Dutch Bros (NYSE:BROS) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on BROS. Piper Sandler increased their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Barclays increased their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $53.45.

Dutch Bros Stock Performance

NYSE:BROS opened at $57.73 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $49.68 and its 200-day moving average price is $40.33. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $58.96. The company has a market cap of $8.90 billion, a P/E ratio of 199.08, a P/E/G ratio of 3.89 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s revenue was up 27.9% compared to the same quarter last year. On average, sell-side analysts forecast that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the sale, the chairman now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This trade represents a 96.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % 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 over the last three months. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Creative Planning raised its stake in Dutch Bros by 5.6% during the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after buying an additional 405 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after buying an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. grew its position in shares of 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 acquiring an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC raised its position in shares of Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

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.