Dutch Bros (NYSE:BROS) Shares Gap Up Following Analyst Upgrade

Dutch Bros Inc. (NYSE:BROS) gapped up prior to trading on Wednesday after Wedbush raised their price target on the stock from $37.00 to $39.00. The stock had previously closed at $28.42, but opened at $31.15. Wedbush currently has an outperform rating on the stock. Dutch Bros shares last traded at $32.42, with a volume of 3,100,342 shares traded.

A number of other research firms have also recently weighed in on BROS. Barclays dropped their price objective on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. TD Cowen reiterated a “hold” rating and set a $33.00 price objective on shares of Dutch Bros in a research report on Friday, April 26th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total value of $1,773,816.72. Following the completion of the transaction, the insider now directly owns 1,051,178 shares in the company, valued at $37,884,455.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new stake in Dutch Bros during the fourth quarter worth approximately $3,852,000. Fenimore Asset Management Inc. acquired a new position in Dutch Bros during the 4th quarter worth $13,610,000. Barclays PLC lifted its position in Dutch Bros by 181.7% during the 3rd quarter. Barclays PLC now owns 18,774 shares of the company’s stock worth $437,000 after acquiring an additional 12,109 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 32.1% in the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock worth $107,288,000 after purchasing an additional 1,120,908 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after purchasing an additional 773,616 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The firm has a 50 day moving average of $31.22 and a two-hundred day moving average of $29.16. The stock has a market cap of $5.81 billion, a P/E ratio of 1,080.00, a P/E/G ratio of 4.33 and a beta of 2.43.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The business had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. On average, research analysts predict that Dutch Bros Inc. will post 0.25 EPS for the current fiscal year.

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.