Dutch Bros (NYSE:BROS) Price Target Raised to $72.00

Dutch Bros (NYSE:BROS - Get Free Report) had its price target increased by stock analysts at Bank of America from $61.00 to $72.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 21.28% from the company's previous close.

BROS has been the subject of several other reports. TD Cowen raised their price target on 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 target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Piper Sandler raised their price target on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and a consensus target price of $60.09.

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Dutch Bros Trading Down 1.4 %

Shares of NYSE:BROS traded down $0.83 during midday trading on Monday, reaching $59.37. 1,953,968 shares of the company's stock were exchanged, compared to its average volume of 2,468,204. The firm's 50 day simple moving average is $55.02 and its two-hundred day simple moving average is $42.20. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $61.33. 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 stock has a market cap of $9.15 billion, a price-to-earnings ratio of 204.73, a P/E/G ratio of 3.34 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for 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 business's revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. As a group, sell-side analysts forecast that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares of the company's stock, valued at $327,691.46. This represents a 92.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 285,462 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the transaction, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 439,655 shares of company stock worth $14,679,518. Insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. R Squared Ltd acquired a new position in Dutch Bros in the 4th quarter valued at $25,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth about $41,000. Jamison Private Wealth Management Inc. increased its stake in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Quarry LP acquired a new stake in Dutch Bros in the second quarter valued at about $43,000. Hedge funds and other 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.