Dutch Bros (NYSE:BROS) Price Target Raised to $72.00 at Bank of America

Dutch Bros (NYSE:BROS) had its price objective upped by Bank of America from $61.00 to $72.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on BROS. UBS Group raised 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. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $60.00 to $70.00 in a research report on Monday, January 6th. Finally, Wedbush boosted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $60.09.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $61.82 on Monday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 213.18, a P/E/G ratio of 3.34 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $62.24. The company’s 50-day moving average is $55.40 and its 200 day moving average is $42.46.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, sell-side analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 439,655 shares of company stock worth $14,679,518. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Dutch Bros during the third quarter worth approximately $573,000. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the third quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. grew its position in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after acquiring an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Dutch Bros during the third quarter worth approximately $1,786,000. 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.