Jefferies Financial Group Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective boosted by Jefferies Financial Group from $45.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 11.23% from the company's previous close.

A number of other research analysts have also weighed in on the company. Piper Sandler raised their target price on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barclays lifted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of "Moderate Buy" and a consensus target price of $50.36.

Dutch Bros Stock Up 3.6 %

Dutch Bros stock traded up $1.88 during mid-day trading on Monday, reaching $53.94. The stock had a trading volume of 2,631,303 shares, compared to its average volume of 2,793,243. 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 has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. The stock's 50-day simple moving average is $43.68 and its 200-day simple moving average is $38.66. The firm has a market capitalization of $8.32 billion, a PE ratio of 186.00, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $338.20 million during the quarter, compared to analysts' expectations of $324.97 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. On average, sell-side analysts forecast that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 285,462 shares of the company's stock in a transaction dated Friday, November 1st. The stock was 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 directly owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 96.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction dated 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 sale, the insider now owns 9,817 shares of the company's stock, valued at $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last ninety days. 46.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dutch Bros in the 3rd quarter worth about $50,000. Virtu Financial LLC bought a new position in Dutch Bros in the 3rd quarter worth about $573,000. Geode Capital Management LLC boosted its stake in Dutch Bros by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock worth $56,814,000 after purchasing an additional 397,754 shares in the last quarter. Bullseye Asset Management LLC boosted its stake in Dutch Bros by 33.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company's stock worth $256,000 after purchasing an additional 2,000 shares in the last quarter. Finally, M&T Bank Corp bought a new position in Dutch Bros in the 3rd quarter worth about $436,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.