Dutch Bros (NYSE:BROS) Upgraded to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS) from a neutral rating to an outperform rating in a report released on Monday, Marketbeat Ratings reports. The firm currently has $70.00 target price on the stock, up from their previous target price of $60.00.

Several other brokerages also recently commented on BROS. Barclays lifted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. 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 note on Monday, December 16th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. TD Cowen increased their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.45.

Dutch Bros Stock Up 2.4 %

Dutch Bros stock opened at $57.73 on Monday. The company has a market capitalization of $8.90 billion, a P/E ratio of 199.08, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $58.96. The firm’s fifty day simple moving average is $49.68 and its 200-day simple moving average is $40.33. 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 earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping 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 firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Sell-side analysts forecast that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now directly 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 three months, insiders sold 560,698 shares of company stock valued at $19,040,697. Insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quest Partners LLC grew its stake in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Jamison Private Wealth Management Inc. grew its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management increased its stake 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 acquiring an additional 314 shares during the last quarter. Abound Wealth Management acquired a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $39,000. Finally, Quarry LP bought a new position in Dutch Bros during the 2nd quarter worth approximately $43,000. Institutional investors own 85.54% of the company’s stock.

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.