Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Wedbush Analyst Says

Dutch Bros (NYSE:BROS) had its price objective raised by Wedbush from $45.00 to $55.00 in a report published on Thursday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other research firms also recently weighed in on BROS. TD Cowen reiterated a “buy” rating and issued a $47.00 target price on shares of Dutch Bros in a report on Thursday, September 12th. Robert W. Baird decreased their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Barclays decreased their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, August 15th. Finally, Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.30.

Dutch Bros Trading Up 5.4 %

Shares of NYSE BROS traded up $2.41 during midday trading on Thursday, reaching $47.18. 6,638,047 shares of the stock were exchanged, compared to its average volume of 2,810,135. The company has a 50 day simple moving average of $33.53 and a 200 day simple moving average of $34.99. The stock has a market capitalization of $7.27 billion, a P/E ratio of 188.24, a PEG ratio of 3.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $50.24.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter last year, the firm earned $0.08 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. As a group, equities analysts expect that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,689,583 shares of company stock worth $55,164,707. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of BROS. Transcendent Capital Group LLC acquired a new position in Dutch Bros in the first quarter valued at $26,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the second quarter worth about $27,000. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of 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 buying an additional 764 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.