Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $44.30

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $44.30.

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler cut Dutch Bros from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $41.00 to $36.00 in a report on Monday, August 19th. UBS Group lifted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday. Stifel Nicolaus cut their target price 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, Barclays boosted their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 800 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the sale, the chairman now directly owns 466,828 shares of the company's stock, valued at $14,938,496. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares of the company's stock, valued at $14,938,496. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the sale, the insider now directly owns 432,518 shares of the company's stock, valued at approximately $13,849,226.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,689,583 shares of company stock valued at $55,164,707 over the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Trading of Dutch Bros

Large investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC increased its position 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 in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $26,000. Jamison Private Wealth Management Inc. grew its stake in 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 last quarter. Finally, Hollencrest Capital Management increased its position in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

Dutch Bros stock traded up $2.41 during midday trading on Friday, reaching $47.18. 6,644,807 shares of the company traded hands, compared to its average volume of 2,284,121. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 162.70, a price-to-earnings-growth ratio of 3.85 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The business has a 50 day moving average of $33.85 and a two-hundred day moving average of $35.12. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $50.24.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.54% and a return on equity of 5.58%. The firm had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business's quarterly revenue was up 27.9% on a year-over-year basis. As a group, research analysts predict that Dutch Bros will post 0.33 earnings per share for the current year.

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.