Robert W. Baird Raises Dutch Bros (NYSE:BROS) Price Target to $42.00

Dutch Bros (NYSE:BROS - Get Free Report) had its target price raised by equities research analysts at Robert W. Baird from $33.00 to $42.00 in a report released on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 1.06% from the company's current price.

A number of other brokerages also recently weighed in on BROS. TD Cowen boosted their target price on Dutch Bros from $46.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, June 13th. Bank of America boosted their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a "buy" rating in a report on Monday, June 10th. Wedbush boosted their target price on Dutch Bros from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, June 3rd. Finally, Barclays boosted their price objective on Dutch Bros from $30.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.55.

Dutch Bros Stock Down 0.6 %

NYSE:BROS traded down $0.27 during trading hours on Wednesday, reaching $41.56. The company had a trading volume of 2,313,738 shares, compared to its average volume of 2,464,245. The business's 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $32.09. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $42.87. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 230.90, a P/E/G ratio of 6.25 and a beta of 2.53. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $275.10 million for the quarter, compared to analyst estimates of $255.71 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. On average, equities analysts expect that Dutch Bros will post 0.29 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 334,069 shares of the business's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the completion of the transaction, the chairman now owns 871,764 shares of the company's stock, valued at $32,124,503.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 334,069 shares of Dutch Bros stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the completion of the sale, the chairman now owns 871,764 shares of the company's stock, valued at $32,124,503.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now owns 2,116,783 shares in the company, valued at $76,246,523.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,228,068 shares of company stock valued at $44,765,154. Company insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. purchased a new position in shares of Dutch Bros during the third quarter valued at approximately $11,549,000. Bullseye Asset Management LLC purchased a new stake in shares of Dutch Bros in the third quarter worth $116,000. American Century Companies Inc. increased its holdings in shares of Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock valued at $27,369,000 after acquiring an additional 773,616 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of Dutch Bros by 42.6% in the 3rd quarter. Wesbanco Bank Inc. now owns 32,785 shares of the company's stock worth $762,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Dutch Bros by 32.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company's stock worth $107,288,000 after purchasing an additional 1,120,908 shares during the period. 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.