Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $40.20

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.20.

A number of analysts have weighed in on BROS shares. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. TD Cowen reissued a “buy” rating and set a $47.00 price objective on shares of Dutch Bros in a report on Thursday, September 12th. Stifel Nicolaus lowered their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Finally, Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th.

Dutch Bros Stock Up 0.3 %

Shares of NYSE:BROS opened at $35.12 on Tuesday. The firm’s 50 day moving average price is $32.50 and its 200 day moving average price is $34.72. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 195.11, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. Dutch Bros has a fifty-two week low of $23.31 and a fifty-two week high of $43.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, equities research analysts predict that Dutch Bros will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 in the last three months. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP purchased a new stake in shares of Dutch Bros during the 1st quarter worth $41,988,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dutch Bros during the 1st quarter worth $4,430,000. Janney Montgomery Scott LLC boosted its position in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after purchasing an additional 13,395 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros during the 1st quarter worth $200,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Dutch Bros during the 2nd quarter worth $4,339,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.