JPMorgan Chase & Co. Increases Dutch Bros (NYSE:BROS) Price Target to $48.00

Dutch Bros (NYSE:BROS - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $44.00 to $48.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 3.94% from the company's current price.

A number of other analysts also recently commented on BROS. Barclays decreased their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler downgraded Dutch Bros from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Guggenheim upgraded Dutch Bros from a "neutral" rating to a "buy" rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus cut their price target on Dutch Bros from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.60.

Dutch Bros Price Performance

Shares of BROS traded up $11.24 during mid-day trading on Thursday, hitting $46.18. The company's stock had a trading volume of 14,973,295 shares, compared to its average volume of 2,766,615. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $50.24. The firm has a market capitalization of $7.12 billion, a P/E ratio of 186.92, a P/E/G ratio of 3.68 and a beta of 2.47. The firm has a 50-day simple moving average of $33.24 and a 200 day simple moving average of $34.92.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter last year, the company earned $0.07 earnings per share. Dutch Bros's quarterly revenue was up 30.0% compared to the same quarter last year. Analysts predict that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Travis Boersma sold 426,891 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares of the company's stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now directly owns 432,518 shares of the company's stock, valued at $13,849,226.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,689,583 shares of company stock worth $55,164,707. Insiders own 46.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC purchased a new position in shares of Dutch Bros in the 1st quarter worth about $26,000. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. lifted its position in 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 buying an additional 500 shares in the last quarter. Hollencrest Capital Management grew its stake 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 buying an additional 314 shares during the period. Finally, Quest Partners LLC increased its position in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company's stock worth $33,000 after acquiring an additional 764 shares in the last quarter. Institutional investors and hedge funds 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.

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