Barclays Increases Dutch Bros (NYSE:BROS) Price Target to $38.00

Dutch Bros (NYSE:BROS - Free Report) had its target price hoisted by Barclays from $31.00 to $38.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

BROS has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Thursday. 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. Wedbush upped their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler downgraded shares of Dutch Bros from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.30.

Dutch Bros Stock Up 5.4 %

BROS traded up $2.41 during trading on Friday, reaching $47.18. The stock had a trading volume of 6,643,219 shares, compared to its average volume of 2,810,135. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 188.72, a P/E/G ratio of 3.64 and a beta of 2.47. The stock's 50 day moving average is $33.85 and its two-hundred day moving average is $35.12. Dutch Bros has a one year low of $25.46 and a one year high of $50.24.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. As a group, analysts expect that Dutch Bros will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company's stock, valued at $4,527,926.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 38,339 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares of the company's stock, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,689,583 shares of company stock valued at $55,164,707. Company insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new stake in Dutch Bros in the 1st quarter worth approximately $4,430,000. Janney Montgomery Scott LLC increased its position in Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock worth $901,000 after purchasing an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros during the 1st quarter valued at about $200,000. 1832 Asset Management L.P. purchased a new stake in shares of Dutch Bros during the 2nd quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Dutch Bros in the 1st quarter valued at about $2,072,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

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.