Barclays Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective hoisted by Barclays from $31.00 to $38.00 in a report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also commented on BROS. UBS Group boosted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $41.00 to $36.00 in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three 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, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Dutch Bros Stock Performance

Shares of BROS stock opened at $48.44 on Friday. The company’s 50 day moving average is $34.20 and its 200 day moving average is $35.35. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 167.04, a PEG ratio of 5.20 and a beta of 2.47. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 800 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now owns 466,828 shares in the company, valued at $14,938,496. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 800 shares of Dutch Bros stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,689,583 shares of company stock worth $55,164,707. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros in the first quarter worth about $26,000. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros in the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. raised its holdings in 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 purchasing an additional 500 shares during the period. Hollencrest Capital Management boosted its position in 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 purchasing an additional 314 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing 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.