UBS Group Boosts Dutch Bros (NYSE:BROS) Price Target to $65.00

Dutch Bros (NYSE:BROS) had its price objective raised by research analysts at UBS Group from $44.00 to $65.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 17.88% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Robert W. Baird raised their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.40.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $55.14 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 190.14, a PEG ratio of 3.99 and a beta of 2.72. The firm’s 50 day simple moving average is $41.19 and its 200-day simple moving average is $37.90. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $56.10.

Dutch Bros (NYSE:BROS) last posted its earnings results 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. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts expect that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,060,067 shares of company stock worth $35,261,572. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Dutch Bros by 34.7% during the 1st quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock worth $2,217,000 after acquiring an additional 17,290 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Dutch Bros by 537.1% during the 1st quarter. Cetera Investment Advisers now owns 89,619 shares of the company’s stock worth $2,957,000 after buying an additional 75,553 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Dutch Bros by 19.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 11,100 shares of the company’s stock valued at $460,000 after buying an additional 1,800 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Dutch Bros by 2,316.4% in the 2nd quarter. SG Americas Securities LLC now owns 146,434 shares of the company’s stock valued at $6,062,000 after buying an additional 140,374 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Dutch Bros by 33.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,330 shares of the company’s stock valued at $179,000 after buying an additional 1,080 shares during 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.