Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Bank of America Analyst Says

Dutch Bros (NYSE:BROS - Get Free Report) had its target price hoisted by investment analysts at Bank of America from $61.00 to $72.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price indicates a potential upside of 20.96% from the stock's current price.

Other equities analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and a consensus price target of $60.09.

Dutch Bros Price Performance

Dutch Bros stock traded up $0.19 during mid-day trading on Monday, hitting $59.53. 1,045,749 shares of the company traded hands, compared to its average volume of 2,384,637. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros has a one year low of $25.46 and a one year high of $61.33. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 205.27, a price-to-earnings-growth ratio of 3.34 and a beta of 2.71. The stock has a fifty day moving average price of $55.21 and a 200-day moving average price of $42.33.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 38,339 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 439,655 shares of company stock valued at $14,679,518 in the last 90 days. Insiders own 46.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Dutch Bros during the third quarter worth about $573,000. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock worth $22,021,000 after purchasing an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock worth $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Dutch Bros during the 3rd quarter valued at approximately $1,786,000. 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.