Dutch Bros Inc. (NYSE:BROS) Receives $58.00 Consensus Target Price from Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $60.09.

Several analysts recently commented on the stock. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday.

Dutch Bros Stock Performance

Shares of BROS stock opened at $61.82 on Thursday. 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 stock has a 50 day simple moving average of $55.40 and a 200-day simple moving average of $42.46. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 213.18, a price-to-earnings-growth ratio of 3.34 and a beta of 2.71. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $62.24.

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

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros 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 $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. The trade was a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 439,655 shares of company stock valued at $14,679,518 over the last quarter. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the third quarter worth about $224,461,000. Wasatch Advisors LP lifted its position in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after acquiring an additional 1,141,913 shares during the period. Eagle Asset Management Inc. grew its position in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares in the last quarter. Finally, Joho Capital LLC raised its stake in shares of Dutch Bros by 40.7% during the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after purchasing an additional 555,000 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.