Dutch Bros (NYSE:BROS) Rating Reiterated by Wedbush

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report released on Thursday, Benzinga reports. They currently have a $45.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 52.59% from the stock’s previous close.

BROS has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. TD Cowen lowered their price objective on shares of Dutch Bros from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America boosted their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Robert W. Baird lowered their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Barclays upped their price objective on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $38.82.

Dutch Bros Price Performance

BROS stock traded down $0.73 on Thursday, reaching $29.49. The company had a trading volume of 6,803,916 shares, 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 debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. The company’s fifty day moving average is $39.01 and its 200 day moving average is $33.79. The company has a market cap of $5.23 billion, a P/E ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, research analysts forecast that Dutch Bros will post 0.3 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.26, for a total value of $3,890,951.82. Following the sale, the insider now directly owns 650,995 shares of the company’s stock, valued at approximately $23,605,078.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the company’s stock in a transaction 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 owns 650,995 shares in the company, valued at $23,605,078.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $977,402.70. Following the completion of the sale, the insider now owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,228,068 shares of company stock valued at $44,765,154. 46.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of BROS. Arizona State Retirement System grew its position in shares of Dutch Bros by 33.8% in the 4th quarter. Arizona State Retirement System now owns 15,654 shares of the company’s stock worth $496,000 after buying an additional 3,952 shares during the period. International Assets Investment Management LLC purchased a new stake in Dutch Bros during the 4th quarter valued at approximately $763,000. Allworth Financial LP grew its holdings in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after buying an additional 471 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Dutch Bros in the fourth quarter valued at $40,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dutch Bros by 16.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,433 shares of the company’s stock valued at $805,000 after purchasing an additional 3,637 shares in the last quarter. 85.54% of the stock is 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.