Dutch Bros (NYSE:BROS) Price Target Raised to $62.00

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective increased by investment analysts at Stifel Nicolaus from $53.00 to $62.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 7.98% from the company's current price.

Several other brokerages have also recently commented on BROS. JPMorgan Chase & Co. boosted their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $38.00 to $70.00 in a report on Tuesday. Piper Sandler upped their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Robert W. Baird raised shares of Dutch Bros from a "neutral" rating to an "outperform" rating and upped their target price for the company from $60.00 to $70.00 in a report on Monday. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $57.18.

Dutch Bros Stock Up 2.2 %

BROS traded up $1.22 during trading on Friday, hitting $57.42. The company had a trading volume of 2,890,278 shares, compared to its average volume of 2,798,233. The firm's 50-day moving average price is $51.04 and its 200 day moving average price is $40.67. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a one year low of $25.46 and a one year high of $59.18. The company has a market capitalization of $8.85 billion, a PE ratio of 198.01, a PEG ratio of 3.89 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $324.97 million. During the same period in the previous year, the firm posted $0.08 EPS. The company's revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 39.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,698 shares of company stock worth $19,040,697. Insiders own 46.50% of the company's stock.

Institutional Trading of Dutch Bros

Large investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after acquiring an additional 314 shares in the last quarter. Quest Partners LLC boosted its position in shares of Dutch Bros by 3,321.7% during the 2nd 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. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $36,000. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 85.54% of the company's stock.

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.