Dutch Bros (NYSE:BROS) Price Target Raised to $69.00

Dutch Bros (NYSE:BROS - Free Report) had its price objective boosted by Jefferies Financial Group from $60.00 to $69.00 in a report issued on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. TD Cowen lifted their price target on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, November 7th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Barclays raised Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $58.00.

Dutch Bros Stock Performance

BROS stock traded down $0.25 during trading on Wednesday, hitting $58.83. 3,086,937 shares of the company's stock traded hands, compared to its average volume of 3,023,857. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $52.96 and a two-hundred day moving average price of $41.14. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $60.57. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 202.87, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business's revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, equities analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 38,339 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares of the company's stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros 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 completion of the transaction, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. bought a new position in shares of Dutch Bros during the 3rd quarter worth approximately $224,461,000. Wasatch Advisors LP increased its holdings in 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 purchasing an additional 2,885,306 shares in the last quarter. Marshall Wace LLP raised its position in Dutch Bros by 15.4% in the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company's stock valued at $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC increased its stake in 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 buying an additional 222,650 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock valued at $64,715,000 after acquiring an additional 741,771 shares during the last quarter. 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.