Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its target price raised by equities research analysts at Stifel Nicolaus from $53.00 to $62.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.98% from the company’s current price.

A number of other research analysts also recently issued reports on BROS. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and upped their target price for the company from $60.00 to $70.00 in a research report on Monday, January 6th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. UBS Group lifted their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group upped their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and an average target price of $57.18.

Dutch Bros Price Performance

BROS opened at $57.42 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 $8.85 billion, a P/E ratio of 198.01, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company’s 50 day simple moving average is $51.52 and its 200-day simple moving average is $40.80. Dutch Bros has a one year low of $25.46 and a one year high of $59.18.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period last year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 80,720 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the transaction, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 39.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 560,698 shares of company stock valued at $19,040,697. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its position in Dutch Bros by 6.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,661 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the 4th quarter valued at about $41,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $304,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dutch Bros in the third quarter valued at about $50,000. Finally, Virtu Financial LLC bought a new stake in Dutch Bros during the third quarter worth about $573,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.