Dutch Bros (NYSE:BROS) Given New $37.00 Price Target at Robert W. Baird

Dutch Bros (NYSE:BROS) had its price objective cut by Robert W. Baird from $42.00 to $37.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also weighed in on BROS. Guggenheim upped their target price on shares of Dutch Bros from $30.00 to $36.00 and gave the stock a neutral rating in a research report on Thursday, July 11th. TD Cowen upped their target price on shares of Dutch Bros from $46.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Bank of America upped their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a buy rating in a research report on Monday, June 10th. Barclays upped their target price on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an equal weight rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an overweight rating in a research report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $38.82.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.73 on Thursday, reaching $29.49. 6,775,500 shares of the stock were exchanged, compared to its average volume of 2,676,672. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $43.49. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average price of $39.01 and a two-hundred day moving average price of $33.75. The firm has a market capitalization of $5.23 billion, a PE ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year. As a group, research analysts anticipate that Dutch Bros will post 0.3 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 54,359 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the transaction, the chairman now owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Travis Boersma sold 54,359 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the transaction, the chairman now owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the transaction, the insider now directly owns 650,995 shares in the company, valued at approximately $23,605,078.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,228,068 shares of company stock valued at $44,765,154. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the second quarter worth approximately $27,000. Quest Partners LLC increased its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Dutch Bros during the first quarter worth approximately $26,000. Abound Wealth Management acquired a new position in Dutch Bros during the second quarter worth approximately $39,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Dutch Bros during the fourth quarter worth approximately $40,000. 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.