Dutch Bros (NYSE:BROS) Upgraded at Barclays

Barclays upgraded shares of Dutch Bros (NYSE:BROS) from an equal weight rating to an overweight rating in a research note released on Tuesday morning, MarketBeat Ratings reports. Barclays currently has $70.00 target price on the stock, up from their prior target price of $38.00.

Several other analysts have also issued reports on BROS. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. TD Cowen raised their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler upped their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus increased their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros currently has an average rating of “Buy” and an average price target of $56.36.

Dutch Bros Trading Down 2.5 %

NYSE BROS opened at $56.11 on Tuesday. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $59.18. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $50.58 and a 200-day moving average of $40.57. The company has a market cap of $8.65 billion, a PE ratio of 193.49, a PEG ratio of 3.89 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 net margin of 2.54% and a return on equity of 5.48%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. On average, equities research analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in shares of 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 acquiring an additional 764 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in 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 last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Abound Wealth Management bought a new position in shares of Dutch Bros in the 2nd quarter valued at $39,000. Finally, Quarry LP acquired a new position in shares of Dutch Bros during the 2nd quarter worth $43,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.