Baird R W Upgrades Dutch Bros (NYSE:BROS) to "Strong-Buy"

Baird R W upgraded shares of Dutch Bros (NYSE:BROS - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Piper Sandler lifted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. UBS Group lifted their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a report on Friday, December 6th. William Blair restated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price target on Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $56.36.

Dutch Bros Trading Down 0.6 %

Shares of Dutch Bros stock traded down $0.37 during trading on Monday, hitting $57.41. The stock had a trading volume of 2,309,550 shares, compared to its average volume of 2,963,329. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $59.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The firm's fifty day simple moving average is $50.12 and its 200-day simple moving average is $40.46. The stock has a market cap of $8.85 billion, a PE ratio of 197.97, a PEG ratio of 3.89 and a beta of 2.71.

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

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated 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 directly owns 15,610 shares of the company's stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares of the company's stock, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 in the last three months. Corporate insiders own 46.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BROS. Baillie Gifford & Co. acquired a new stake in Dutch Bros during the third quarter valued at $224,461,000. Wasatch Advisors LP boosted its stake in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock worth $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Marshall Wace LLP grew its position in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company's stock valued at $164,042,000 after acquiring an additional 527,716 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company's stock valued at $92,953,000 after purchasing an additional 222,650 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock worth $64,715,000 after purchasing an additional 741,771 shares during the period. 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.