TD Cowen Boosts Dutch Bros (NYSE:BROS) Price Target to $50.00

Dutch Bros (NYSE:BROS) had its price objective boosted by TD Cowen from $46.00 to $50.00 in a research report report published on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms also recently weighed in on BROS. Wedbush lifted their price objective on Dutch Bros from $39.00 to $45.00 and gave the company an outperform rating in a report on Thursday, May 16th. Stifel Nicolaus reaffirmed a buy rating and set a $40.00 price objective on shares of Dutch Bros in a report on Wednesday, April 3rd. Guggenheim reaffirmed a neutral rating and set a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. William Blair reaffirmed an outperform rating on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $40.00 to $44.00 and gave the company an overweight rating in a report on Monday, June 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros has an average rating of Moderate Buy and a consensus target price of $39.30.

Dutch Bros Stock Down 0.8 %

BROS stock opened at $38.12 on Thursday. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $40.75. The company has a market cap of $6.75 billion, a PE ratio of 211.79, a price-to-earnings-growth ratio of 5.80 and a beta of 2.50. The business’s 50-day simple moving average is $33.49 and its 200 day simple moving average is $31.00. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last released its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. On average, research analysts anticipate that Dutch Bros will post 0.29 earnings per share for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $6,138,988.90. Following the transaction, the insider now owns 1,616,308 shares of the company’s stock, valued at approximately $59,560,949.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $6,138,988.90. Following the transaction, the insider now owns 1,616,308 shares of the company’s stock, valued at approximately $59,560,949.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,411,329 shares of company stock worth $322,376,736. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $204,000. Barclays PLC lifted its stake in shares of Dutch Bros by 181.7% in the 3rd quarter. Barclays PLC now owns 18,774 shares of the company’s stock valued at $437,000 after purchasing an additional 12,109 shares during the period. Swiss National Bank lifted its stake in shares of Dutch Bros by 50.6% in the 3rd quarter. Swiss National Bank now owns 119,900 shares of the company’s stock valued at $2,788,000 after purchasing an additional 40,300 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Dutch Bros by 19.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,473 shares of the company’s stock valued at $383,000 after purchasing an additional 2,699 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Dutch Bros by 83.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,781 shares of the company’s stock valued at $6,575,000 after purchasing an additional 129,016 shares during the period. 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.