Dutch Bros (NYSE:BROS) Shares Gap Up Following Analyst Upgrade

Dutch Bros Inc. (NYSE:BROS) gapped up prior to trading on Wednesday after Barclays raised their price target on the stock from $30.00 to $35.00. The stock had previously closed at $28.42, but opened at $31.15. Barclays currently has an equal weight rating on the stock. Dutch Bros shares last traded at $32.42, with a volume of 3,100,342 shares.

BROS has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price target for the company from $32.00 to $37.00 in a research report on Monday, March 4th. TD Cowen reissued a “hold” rating and issued a $33.00 price target on shares of Dutch Bros in a research note on Friday, April 26th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Finally, Guggenheim reissued a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.22.

Insider Transactions at Dutch Bros

In other news, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at approximately $36,387,610. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Dutch Bros during the 4th quarter worth about $40,000. Avior Wealth Management LLC lifted its position in Dutch Bros by 1,610.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after buying an additional 1,208 shares in the last quarter. Allworth Financial LP lifted its position in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after buying an additional 590 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Dutch Bros by 661.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the company’s stock worth $81,000 after buying an additional 2,217 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 11.8 %

The company’s 50-day moving average is $31.28 and its 200-day moving average is $29.18. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 1,058.67, a P/E/G ratio of 4.33 and a beta of 2.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The company had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. On average, research analysts predict that Dutch Bros Inc. will post 0.25 earnings per share for the current year.

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.