The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00

Dutch Bros (NYSE:BROS) had its price target reduced by The Goldman Sachs Group from $81.00 to $72.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (up from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. TD Cowen restated a “buy” rating and set a $86.00 target price on shares of Dutch Bros in a research report on Tuesday, August 19th. Barclays boosted their target price on Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. UBS Group boosted their target price on Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, CICC Research began coverage on Dutch Bros in a research report on Monday, June 30th. They set an “outperform” rating and a $80.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $79.88.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $52.40 on Tuesday. The stock has a market cap of $8.62 billion, a PE ratio of 111.50, a price-to-earnings-growth ratio of 2.85 and a beta of 2.55. Dutch Bros has a fifty-two week low of $30.49 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The stock has a fifty day moving average of $62.64 and a 200-day moving average of $64.14.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of Dutch Bros stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman directly owned 975,031 shares of the company’s stock, valued at approximately $67,218,637.14. This trade represents a 44.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. Corporate insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in Dutch Bros during the second quarter worth about $27,000. Rakuten Securities Inc. lifted its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $31,000. Cullen Frost Bankers Inc. bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $31,000. Finally, Kiker Wealth Management LLC lifted its stake in shares of Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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.