Dutch Bros (NYSE:BROS) Given New $55.00 Price Target at Wedbush

Dutch Bros (NYSE:BROS - Free Report) had its target price upped by Wedbush from $45.00 to $55.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also commented on the company. Barclays decreased their price objective on Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. 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. Piper Sandler lowered 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 report on Monday, August 19th. Guggenheim upgraded shares of Dutch Bros from a "neutral" rating to a "buy" rating in a report on Thursday, August 8th. Finally, UBS Group raised Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 target price for the company in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Dutch Bros has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Dutch Bros Stock Performance

Dutch Bros stock traded up $10.60 during mid-day trading on Thursday, reaching $45.54. The company's stock had a trading volume of 15,582,784 shares, compared to its average volume of 2,769,437. The business has a 50 day moving average price of $33.24 and a 200-day moving average price of $34.92. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 186.92, a PEG 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. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $50.24.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 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 30.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 EPS. Sell-side analysts predict that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of the 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 owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now owns 9,817 shares of the company's stock, valued at approximately $327,691.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the firm's stock in a transaction on 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 owns 467,228 shares in the company, valued at approximately $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. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently added to or reduced their stakes in BROS. Susquehanna Fundamental Investments LLC bought a new stake in shares of Dutch Bros in the first quarter worth $4,430,000. Janney Montgomery Scott LLC lifted its position 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 buying an additional 13,395 shares during the last quarter. SG Americas Securities LLC bought a new position in Dutch Bros in the first quarter worth $200,000. 1832 Asset Management L.P. acquired a new stake in Dutch Bros in the 2nd quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Dutch Bros during the first quarter worth approximately $2,072,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.