Dutch Bros’ (BROS) Outperform Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research report released on Tuesday morning,RTT News reports.

A number of other analysts have also commented on the stock. Jefferies Financial Group lifted their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird raised their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler increased 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 raised their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.36.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $52.98 on Tuesday. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 182.69, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $56.10. The company has a 50-day moving average price of $43.68 and a 200-day moving average price of $38.66. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data 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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s revenue was up 27.9% on a year-over-year basis. As a group, equities analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 in the last ninety days. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the 3rd quarter worth about $224,461,000. Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Marshall Wace LLP grew its holdings in Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after acquiring an additional 527,716 shares during the period. Driehaus Capital Management LLC lifted its holdings in Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after acquiring an additional 222,650 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares during the period. 85.54% of the stock is 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.