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 raised by analysts at Bank of America from $61.00 to $72.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price target suggests a potential upside of 15.07% from the stock's previous close.

BROS has been the subject of several other reports. Jefferies Financial Group increased their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Robert W. Baird upgraded shares of Dutch Bros from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $60.00 to $70.00 in a report on Monday, January 6th. Wedbush upped their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $60.09.

Dutch Bros Trading Down 1.0 %

Shares of NYSE:BROS traded down $0.65 on Monday, hitting $62.57. The company had a trading volume of 1,545,364 shares, compared to its average volume of 2,343,042. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $63.98. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The firm's 50-day simple moving average is $55.62 and its two-hundred day simple moving average is $42.61. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 215.76, a P/E/G ratio of 3.54 and a beta of 2.71.

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 company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm's revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Equities analysts anticipate that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 38,339 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company's stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter valued at $224,461,000. Wasatch Advisors LP lifted its holdings in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the period. Wellington Management Group LLP boosted its position in Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock valued at $64,715,000 after purchasing an additional 741,771 shares during the period. Finally, Joho Capital LLC increased its position in shares of Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock valued at $61,482,000 after purchasing an additional 555,000 shares during the last quarter. Institutional investors 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.