Dutch Bros (NYSE:BROS) Rating Increased to Overweight at Barclays

Dutch Bros (NYSE:BROS) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat.com reports. The firm presently has a $70.00 target price on the stock, up from their prior target price of $38.00. Barclays‘s price target points to a potential upside of 21.25% from the company’s previous close.

A number of other research firms also recently weighed in on BROS. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. UBS Group boosted their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $56.36.

Dutch Bros Trading Up 2.4 %

Shares of NYSE:BROS opened at $57.73 on Tuesday. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $58.96. The stock has a market cap of $8.90 billion, a PE ratio of 199.08, a P/E/G ratio of 3.89 and a beta of 2.71. The business has a 50 day moving average of $49.68 and a 200-day moving average of $40.33. 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 (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. As a group, equities research analysts forecast that Dutch Bros will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 38,339 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

Several institutional investors have recently modified their holdings of the business. Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Creative Planning boosted its position in Dutch Bros by 5.6% during the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares during the last quarter. Keudell Morrison Wealth Management boosted its position in Dutch Bros by 4.6% during the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC boosted its position in Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares during the last quarter. Institutional investors 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.