Dutch Bros (NYSE:BROS) Given New $46.00 Price Target at Robert W. Baird

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective boosted by stock analysts at Robert W. Baird from $37.00 to $46.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 2.77% from the company's previous close.

BROS has been the topic of several other research reports. Stifel Nicolaus decreased their price objective on Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Guggenheim raised Dutch Bros from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th. TD Cowen upped their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday. Wedbush increased their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Barclays lowered their target price on shares of Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Dutch Bros has a consensus rating of "Moderate Buy" and a consensus target price of $43.60.

Dutch Bros Price Performance

BROS traded up $9.82 during midday trading on Thursday, reaching $44.76. 20,541,810 shares of the company's stock were exchanged, compared to its average volume of 2,792,382. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $50.24. The stock has a market capitalization of $6.90 billion, a PE ratio of 179.04, a P/E/G ratio of 3.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The business's 50-day moving average price is $33.53 and its 200 day moving average price is $34.99.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities analysts anticipate that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company's stock, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Travis Boersma sold 800 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares in the company, valued at approximately $14,938,496. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 40,323 shares of Dutch Bros 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 directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Dutch Bros

Several large investors have recently modified their holdings of the business. Hollencrest Capital Management increased its stake in shares of Dutch Bros by 52.3% in 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 last quarter. Creative Planning grew its holdings in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company's stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Dutch Bros by 4.6% in the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock worth $353,000 after purchasing an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC lifted its position in shares of Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company's stock worth $224,000 after purchasing an additional 500 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.