Jefferies Financial Group Raises Dutch Bros (NYSE:BROS) Price Target to $69.00

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

Other equities research analysts also recently issued research reports about the company. TD Cowen increased 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 upped their target price on Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Finally, Robert W. Baird upgraded shares of Dutch Bros from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and a consensus target price of $58.00.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $1.60 during trading on Wednesday, reaching $60.49. 2,141,017 shares of the stock were exchanged, compared to its average volume of 2,935,762. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $61.09. The stock has a 50-day moving average price of $52.96 and a 200-day moving average price of $41.14. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.33 billion, a PE ratio of 208.60, a PEG ratio of 3.16 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 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. Research analysts expect that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the sale, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares of the company's stock, valued at $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock worth $19,040,697 in the last three months. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter worth $573,000. Baillie Gifford & Co. acquired a new position in Dutch Bros during the 3rd quarter worth about $224,461,000. Charles Schwab Investment Management Inc. lifted its holdings in Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock worth $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock valued at $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dutch Bros in the third quarter valued at about $1,786,000. 85.54% of the stock is owned by 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.