Dutch Bros (NYSE:BROS) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS - Free Report) from a neutral rating to an outperform rating in a report issued on Monday morning, Marketbeat reports. Robert W. Baird currently has $70.00 price target on the stock, up from their previous price target of $60.00.

Several other equities research analysts also recently issued reports on BROS. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Barclays upped their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price target on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $53.45.

Dutch Bros Stock Performance

NYSE:BROS traded up $1.38 during midday trading on Monday, reaching $57.73. The stock had a trading volume of 3,063,462 shares, compared to its average volume of 3,180,887. The stock has a market capitalization of $8.90 billion, a P/E ratio of 199.08, a PEG 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 $58.96. 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 $49.68 and its 200-day simple moving average is $40.33.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. On average, equities research analysts forecast that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the sale, the chairman now owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company's stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. Corporate insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. grew 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 valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after acquiring an additional 314 shares during the period. Quest Partners LLC boosted its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company's stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the third quarter worth about $36,000. Finally, nVerses Capital LLC bought a new stake in Dutch Bros during the 3rd quarter worth about $38,000. 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.