Dutch Bros (NYSE:BROS) Price Target Raised to $53.00 at Stifel Nicolaus

Dutch Bros (NYSE:BROS - Free Report) had its price objective upped by Stifel Nicolaus from $42.00 to $53.00 in a research report sent to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

BROS has been the topic of several other reports. Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Guggenheim raised Dutch Bros from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th. TD Cowen boosted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. UBS Group raised their target price on Dutch Bros from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.30.

Dutch Bros Price Performance

Shares of BROS stock traded down $0.52 during trading hours on Thursday, hitting $46.93. 2,298,894 shares of the company's stock were exchanged, compared to its average volume of 2,823,893. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 161.83, a price-to-earnings-growth ratio of 4.13 and a beta of 2.47. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock's 50-day moving average is $35.18 and its 200-day moving average is $35.65.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. 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 prior year, the firm earned $0.08 earnings per share. The business's quarterly revenue was up 27.9% on a year-over-year basis. As a group, research analysts forecast that Dutch Bros will post 0.37 EPS for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. This represents a 47.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction on 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 transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last 90 days. 46.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in Dutch Bros in the third quarter worth about $16,399,000. Joho Capital LLC raised its stake in Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock valued at $61,482,000 after purchasing an additional 555,000 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Dutch Bros by 74.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 65,983 shares of the company's stock worth $2,113,000 after purchasing an additional 28,204 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dutch Bros by 54.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,493 shares of the company's stock valued at $624,000 after buying an additional 6,866 shares in the last quarter. Hedge funds and other institutional investors 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.