Dutch Bros (NYSE:BROS) Price Target Raised to $53.00 at TD Cowen

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective raised by stock analysts at TD Cowen from $47.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price would indicate a potential upside of 16.38% from the company's previous close.

A number of other research firms have also recently issued reports on BROS. Guggenheim upgraded Dutch Bros from a "neutral" rating to a "buy" rating in a research report on Thursday, August 8th. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. UBS Group upgraded shares of Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 target price on the stock in a research note on Thursday, August 15th. Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Dutch Bros Price Performance

NYSE:BROS traded up $10.60 during midday trading on Thursday, hitting $45.54. 15,582,784 shares of the stock were exchanged, compared to its average volume of 2,769,437. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 186.92, a P/E/G ratio of 3.68 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. The business has a 50-day moving average price of $33.24 and a two-hundred day moving average price of $34.92. 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 earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same period in the previous year, the business earned $0.07 EPS. The firm's revenue was up 30.0% on a year-over-year basis. Sell-side analysts predict that Dutch Bros will post 0.33 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares of the company's stock, valued at $14,764,404.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock worth $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Marshall Wace LLP lifted its holdings in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company's stock worth $164,042,000 after purchasing an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Dutch Bros by 11.0% during the second 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, Davidson Kempner Capital Management LP raised its stake in Dutch Bros by 43.5% during the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company's stock valued at $65,626,000 after buying an additional 480,153 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.