Dutch Bros (NYSE:BROS) Given New $53.00 Price Target at TD Cowen

Dutch Bros (NYSE:BROS) had its target price upped by investment analysts at TD Cowen from $47.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 51.73% from the stock’s previous close.

A number of other brokerages have also issued reports on BROS. Robert W. Baird lowered their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Barclays lowered their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $41.80.

Dutch Bros Stock Up 3.9 %

Shares of NYSE BROS opened at $34.93 on Thursday. 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 company has a market cap of $5.39 billion, a P/E ratio of 139.72, a PEG ratio of 3.68 and a beta of 2.47. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $43.49. The firm has a 50-day simple moving average of $33.24 and a two-hundred day simple moving average of $34.92.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction on 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the transaction, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the 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 sale, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 0.00 % 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 valued at $55,164,707 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management grew its position in 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 purchasing an additional 314 shares during the period. Creative Planning grew its position 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 purchasing an additional 405 shares during the period. Keudell Morrison Wealth Management grew its position in Dutch Bros by 4.6% during 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 period. Jamison Private Wealth Management Inc. grew its position in 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 purchasing an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% during the 3rd 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 period. 85.54% of the stock is 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.