Dutch Bros (NYSE:BROS) Given New $60.00 Price Target at DA Davidson

Dutch Bros (NYSE:BROS) had its price target trimmed by DA Davidson from $85.00 to $60.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on BROS. Telsey Advisory Group boosted their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a report on Thursday, September 10th. Piper Sandler raised their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Morgan Stanley upped their target price on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada decreased their price target on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $74.23.

Dutch Bros Trading Down 0.4%

Dutch Bros stock opened at $37.75 on Monday. The stock has a market cap of $6.59 billion, a P/E ratio of 52.43, a PEG ratio of 1.35 and a beta of 2.28. The firm’s 50 day moving average price is $50.87 and its 200-day moving average price is $55.33. Dutch Bros has a 1 year low of $37.40 and a 1 year high of $74.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. During the same period in the previous year, the firm posted $0.26 EPS. Dutch Bros’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities analysts predict that Dutch Bros will post 0.87 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Director Todd Penegor purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the purchase, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. This trade represents a 37.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.90% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Dutch Bros by 38.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after purchasing an additional 851,075 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dutch Bros by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Dutch Bros during the 4th quarter worth $108,948,000. Norges Bank acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $96,951,000. Finally, Bank of America Corp DE lifted its stake in shares of Dutch Bros by 33.4% in the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after buying an additional 454,036 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 is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.