Analysts Set Dutch Bros Inc. (NYSE:BROS) Price Target at $39.73

Shares of Dutch Bros Inc. (NYSE:BROS) have earned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.73.

BROS has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Bank of America lifted their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Barclays dropped their price objective on 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 reissued a “buy” rating and issued a $47.00 target price on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Stifel Nicolaus reduced their price objective 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.

Dutch Bros Trading Down 1.9 %

NYSE BROS opened at $33.95 on Friday. Dutch Bros has a 52 week low of $22.67 and a 52 week high of $43.49. The firm has a 50 day moving average of $34.01 and a two-hundred day moving average of $34.80. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $6.02 billion, a PE ratio of 188.61, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, research analysts expect that Dutch Bros will post 0.32 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last ninety days. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Dutch Bros by 64.9% in the 4th quarter. Victory Capital Management Inc. now owns 14,443 shares of the company’s stock valued at $457,000 after acquiring an additional 5,685 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $220,000. Charles Schwab Investment Management Inc. increased its stake in shares of Dutch Bros by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company’s stock worth $9,404,000 after purchasing an additional 14,158 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Dutch Bros by 51.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 21,974 shares of the company’s stock worth $696,000 after purchasing an additional 7,446 shares during the last quarter. Finally, UBS Group AG lifted its stake in Dutch Bros by 126.4% in the 4th quarter. UBS Group AG now owns 327,142 shares of the company’s stock valued at $10,361,000 after buying an additional 182,658 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.