Dutch Bros (NYSE:BROS) Price Target Raised to $51.00 at Piper Sandler

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective boosted by equities research analysts at Piper Sandler from $36.00 to $51.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price target suggests a potential upside of 6.07% from the company's current price.

BROS has been the topic of a number of other research reports. UBS Group raised their price target on Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday. Wedbush lifted 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. TD Cowen upped their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Robert W. Baird boosted their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $0.90 during midday trading on Monday, reaching $48.08. The company had a trading volume of 3,379,927 shares, compared to its average volume of 2,812,507. The stock has a market cap of $7.41 billion, a P/E ratio of 166.32, a P/E/G ratio of 5.20 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24. The company's 50 day moving average price is $33.85 and its 200 day moving average price is $35.21.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The company's revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. As a group, sell-side analysts anticipate that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 426,891 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares of the company's stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 432,518 shares of the company's stock, valued at approximately $13,849,226.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 426,891 shares of the company's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in shares of 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 acquiring an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new position in Dutch Bros in the first quarter worth about $200,000. Swiss National Bank lifted its stake in shares of Dutch Bros by 33.5% in the first quarter. Swiss National Bank now owns 147,300 shares of the company's stock worth $4,861,000 after buying an additional 37,000 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Dutch Bros by 94.3% during the first quarter. Sei Investments Co. now owns 65,607 shares of the company's stock valued at $2,165,000 after buying an additional 31,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $23,137,000. 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.