Dutch Bros (NYSE:BROS) Stock Rating Upgraded by Baird R W

Dutch Bros (NYSE:BROS) was upgraded by investment analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $56.36.

Dutch Bros Stock Performance

Shares of BROS stock opened at $57.41 on Monday. The firm has a 50 day moving average of $50.12 and a 200-day moving average of $40.46. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 197.97, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $59.18.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. On average, equities analysts forecast that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the sale, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 39.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock valued at $19,040,697 over the last ninety days. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Jamison Private Wealth Management Inc. raised its holdings in shares of Dutch Bros by 150.2% during 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 during the period. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Quest Partners LLC grew its position 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 in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at $36,000. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth about $38,000. Hedge funds and other 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.