Dutch Bros (NYSE:BROS) Price Target Raised to $60.00 at Jefferies Financial Group

Dutch Bros (NYSE:BROS) had its price objective hoisted by Jefferies Financial Group from $45.00 to $60.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. TD Cowen upped their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.36.

Dutch Bros Stock Up 3.6 %

Dutch Bros stock opened at $53.94 on Monday. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 186.00, a P/E/G ratio of 3.89 and a beta of 2.72. The firm has a fifty day moving average price of $43.68 and a two-hundred day moving average price of $38.66. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

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

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 80,720 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock worth $19,040,697 in the last quarter. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Raymond James & Associates lifted its position in Dutch Bros by 14.6% in the 2nd quarter. Raymond James & Associates now owns 54,232 shares of the company’s stock valued at $2,245,000 after acquiring an additional 6,894 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros in the second quarter valued at about $232,000. Calamos Advisors LLC acquired a new stake in Dutch Bros in the 2nd quarter valued at approximately $837,000. Bank of New York Mellon Corp raised its position in Dutch Bros by 8,247.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after buying an additional 1,068,352 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Dutch Bros by 239.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 837,216 shares of the company’s stock valued at $34,661,000 after acquiring an additional 590,719 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

About Dutch Bros

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.