Stifel Nicolaus Increases Dutch Bros (NYSE:BROS) Price Target to $62.00

Dutch Bros (NYSE:BROS) had its price objective raised by equities research analysts at Stifel Nicolaus from $53.00 to $62.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 7.98% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. UBS Group increased their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wedbush boosted their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average price target of $57.18.

Dutch Bros Stock Up 2.2 %

Shares of BROS stock opened at $57.42 on Friday. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $59.18. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 198.01, a PEG ratio of 3.89 and a beta of 2.71. The firm’s 50-day moving average is $51.52 and its 200-day moving average is $40.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

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

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction that occurred 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 sale, the insider now owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jamison Private Wealth Management Inc. boosted its stake in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the last quarter. Quest Partners LLC boosted its stake 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 valued at $33,000 after purchasing an additional 764 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC acquired a new position in Dutch Bros during the 3rd quarter worth approximately $38,000. 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.