Stifel Nicolaus Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price objective boosted by Stifel Nicolaus from $42.00 to $53.00 in a research note issued to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. UBS Group upped their price target on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wedbush increased their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barclays lifted their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $46.61 on Thursday. The firm has a 50 day moving average of $35.48 and a 200 day moving average of $35.89. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 160.73, a price-to-earnings-growth ratio of 3.74 and a beta of 2.47. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24.

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

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the sale, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,095,377 shares of company stock worth $36,392,066. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in Dutch Bros during the first quarter worth $26,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. increased its stake 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 valued at $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Finally, Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares in the last quarter. 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.