Dutch Bros (NYSE:BROS) Price Target Raised to $48.00

Dutch Bros (NYSE:BROS) had its target price lifted by JPMorgan Chase & Co. from $44.00 to $48.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. Wedbush increased their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Robert W. Baird increased their price objective on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays reduced their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Dutch Bros Trading Up 5.4 %

Shares of NYSE:BROS opened at $47.18 on Thursday. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $50.24. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 162.70, a price-to-earnings-growth ratio of 3.85 and a beta of 2.47. 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 business’s 50 day moving average price is $33.85 and its 200-day moving average price is $35.16.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s revenue was up 27.9% compared to the same quarter last year. On average, equities research analysts forecast that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the transaction, the insider now owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in Dutch Bros during the 1st quarter valued at about $4,430,000. Janney Montgomery Scott LLC boosted its holdings in Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after acquiring an additional 13,395 shares during the period. SG Americas Securities LLC purchased a new position in Dutch Bros during the 1st quarter valued at about $200,000. 1832 Asset Management L.P. purchased a new position in shares of Dutch Bros in the 2nd quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Dutch Bros in the 1st quarter valued at about $2,072,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.