Dutch Bros (NYSE:BROS) Upgraded to "Overweight" at Barclays

Dutch Bros (NYSE:BROS - Get Free Report) was upgraded by research analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $70.00 price objective on the stock, up from their prior price objective of $38.00. Barclays's target price would suggest a potential upside of 21.93% from the stock's previous close.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, Piper Sandler boosted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average price target of $56.36.

Dutch Bros Trading Down 0.6 %

Shares of NYSE:BROS traded down $0.37 during midday trading on Tuesday, reaching $57.41. The company had a trading volume of 2,309,550 shares, compared to its average volume of 2,963,329. The company has a fifty day simple moving average of $50.12 and a two-hundred day simple moving average of $40.46. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 197.97, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $59.18. 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 (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company 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 business's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share. Research analysts predict that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of 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. In the last 90 days, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Dutch Bros in the 3rd quarter valued at approximately $573,000. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros in the third quarter valued at $224,461,000. Charles Schwab Investment Management Inc. raised its stake in shares of Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $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 lifted its position in Dutch Bros by 38.0% in the third 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 purchasing an additional 58,623 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Dutch Bros in the 3rd quarter valued at $1,786,000. 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.