Dutch Bros (NYSE:BROS) Price Target Raised to $48.00

Dutch Bros (NYSE:BROS) had its price target increased by investment analysts at JPMorgan Chase & Co. from $44.00 to $48.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.74% from the stock’s previous close.

Several other analysts have also issued reports on the company. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Wedbush increased their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Robert W. Baird upped their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays decreased their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $47.18 on Thursday. The company’s fifty day moving average price is $33.85 and its 200-day moving average price is $35.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 188.72, a PEG ratio of 3.64 and a beta of 2.47. Dutch Bros has a one year low of $25.46 and a one year high of $50.24.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. On average, equities research analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,689,583 shares of company stock valued at $55,164,707 in the last 90 days. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the 2nd quarter worth approximately $27,000. Quest Partners LLC raised its position in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $26,000. Jamison Private Wealth Management Inc. raised its position in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Institutional investors 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.