Stifel Nicolaus Boosts Dutch Bros (NYSE:BROS) Price Target to $53.00

Dutch Bros (NYSE:BROS) had its target price upped by research analysts at Stifel Nicolaus from $42.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 13.34% from the company’s previous close.

Several other brokerages also recently issued reports on BROS. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush boosted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday. Finally, Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Price Performance

BROS stock traded down $0.69 during trading on Thursday, hitting $46.76. 96,775 shares of the company’s stock traded hands, compared to its average volume of 2,815,727. The business has a fifty day simple moving average of $34.88 and a 200 day simple moving average of $35.57. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24. 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 stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 161.25, a P/E/G ratio of 4.13 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last posted 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 business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the company earned $0.08 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, research analysts expect that Dutch Bros will post 0.37 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the sale, the insider now directly owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,689,583 shares of company stock worth $55,164,707. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the second quarter worth $27,000. Quest Partners LLC grew its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at about $26,000. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings 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 acquiring an additional 314 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.