Dutch Bros (NYSE:BROS) Raised to Strong-Buy at Baird R W

Dutch Bros (NYSE:BROS) was upgraded by equities research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

BROS has been the subject of several other reports. UBS Group raised their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. TD Cowen boosted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average target price of $56.36.

Dutch Bros Stock Down 0.6 %

Dutch Bros stock opened at $57.41 on Monday. The company has a 50 day moving average of $50.12 and a 200-day moving average of $40.46. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $59.18. The stock has a market capitalization of $8.85 billion, a PE ratio of 197.97, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 92.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock worth $19,040,697 over the last quarter. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Abound Wealth Management acquired a new stake in Dutch Bros in the second quarter valued at $39,000. Finally, Quarry LP bought a new position in Dutch Bros during the 2nd quarter worth $43,000. 85.54% of the stock is currently owned by institutional investors.

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.