Dutch Bros (NYSE:BROS) Price Target Raised to $58.00

Dutch Bros (NYSE:BROS) had its price objective increased by JPMorgan Chase & Co. from $48.00 to $58.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the company. TD Cowen lifted their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wedbush boosted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler increased their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. UBS Group upped their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group increased their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.27.

Dutch Bros Stock Performance

Shares of BROS opened at $52.32 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $44.94 and a 200-day moving average price of $38.97. The company has a market cap of $8.07 billion, a PE ratio of 180.42, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $56.10.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS 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 analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, equities analysts forecast that Dutch Bros will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,527,926.13. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This represents a 96.68 % 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 worth $19,040,697 in the last 90 days. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BROS. Virtu Financial LLC purchased a new position in shares of Dutch Bros during the 3rd quarter worth about $573,000. Baillie Gifford & Co. bought a new stake in Dutch Bros in the third quarter worth about $224,461,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dutch Bros in the third quarter worth approximately $1,786,000. 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.