Barclays Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target lifted by Barclays from $31.00 to $38.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently weighed in on BROS. Wedbush lifted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $36.00 in a report on Monday, August 19th. UBS Group raised their price target on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lowered their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.30.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded up $2.41 on Friday, hitting $47.18. 6,644,807 shares of the company’s stock were exchanged, compared to its average volume of 2,810,135. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $50.24. The company has a 50-day simple moving average of $33.85 and a 200-day simple moving average of $35.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The stock has a market capitalization of $7.27 billion, a PE ratio of 188.72, a PEG ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Dutch Bros’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 year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now owns 432,518 shares in the company, valued at approximately $13,849,226.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock valued at $55,164,707 over the last three months. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after acquiring an additional 13,395 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dutch Bros during the 1st quarter valued at about $200,000. Swiss National Bank lifted its holdings in shares of Dutch Bros by 33.5% in the 1st quarter. Swiss National Bank now owns 147,300 shares of the company’s stock valued at $4,861,000 after buying an additional 37,000 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dutch Bros in the first quarter worth about $4,430,000. Finally, Sei Investments Co. raised its position in Dutch Bros by 94.3% during the first quarter. Sei Investments Co. now owns 65,607 shares of the company’s stock valued at $2,165,000 after acquiring an additional 31,838 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

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.