Dutch Bros (NYSE:BROS) Given New $60.00 Price Target at Jefferies Financial Group

Dutch Bros (NYSE:BROS) had its price objective raised by Jefferies Financial Group from $45.00 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BROS. UBS Group boosted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. TD Cowen boosted their target price 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, Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $50.36.

Dutch Bros Stock Down 3.2 %

Dutch Bros stock opened at $51.27 on Monday. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 176.80, a PEG ratio of 3.89 and a beta of 2.72. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $56.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The firm has a 50 day moving average price of $44.11 and a two-hundred day moving average price of $38.79.

Dutch Bros (NYSE:BROS) last announced its 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 during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. Equities analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity

In other news, Chairman Travis Boersma sold 80,720 shares of the firm’s 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 $2,908,341.60. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the sale, the insider now owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade 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 worth $19,040,697 over the last three months. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in Dutch Bros in the 3rd quarter worth about $224,461,000. Wasatch Advisors LP boosted its stake in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Dutch Bros in the second quarter valued at approximately $57,435,000. Wellington Management Group LLP increased its position in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in Dutch Bros by 846.7% during the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after acquiring an additional 1,109,370 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.