Dutch Bros (NYSE:BROS) Given New $65.00 Price Target at UBS Group

Dutch Bros (NYSE:BROS - Get Free Report) had its target price hoisted by stock analysts at UBS Group from $44.00 to $65.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 17.88% from the company's previous close.

Other analysts have also issued reports about the company. Barclays lifted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Wedbush lifted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Piper Sandler increased their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dutch Bros currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.40.

Dutch Bros Price Performance

Dutch Bros stock traded up $1.16 during trading on Friday, reaching $55.14. The company had a trading volume of 2,402,904 shares, compared to its average volume of 3,820,243. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The firm's 50-day simple moving average is $41.19 and its 200 day simple moving average is $37.90. The firm has a market capitalization of $8.50 billion, a PE ratio of 190.14, a price-to-earnings-growth ratio of 3.99 and a beta of 2.72. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $56.10.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analysts' expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities research analysts anticipate that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the sale, the insider now owns 507,700 shares of the company's stock, valued at $17,266,877. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 280,518 shares of Dutch Bros stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.36, for a total value of $9,077,562.48. Following the completion of the sale, the chairman now directly owns 322,177 shares of the company's stock, valued at $10,425,647.72. The trade was a 46.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,060,067 shares of company stock worth $35,261,572. Company insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Dutch Bros during the 3rd quarter worth approximately $50,000. Virtu Financial LLC purchased a new stake in shares of Dutch Bros during the third quarter worth $573,000. Geode Capital Management LLC raised its stake in shares of Dutch Bros by 28.9% in the third quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock valued at $56,814,000 after acquiring an additional 397,754 shares in the last quarter. Bullseye Asset Management LLC boosted its holdings in Dutch Bros by 33.3% in the third quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company's stock valued at $256,000 after purchasing an additional 2,000 shares during the period. Finally, M&T Bank Corp acquired a new position in Dutch Bros during the 3rd quarter worth $436,000. Institutional investors and hedge funds own 85.54% of the company's stock.

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.