Mizuho Raises Dutch Bros (NYSE:BROS) Price Target to $80.00

Dutch Bros (NYSE:BROS) had its target price increased by analysts at Mizuho from $70.00 to $80.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 36.75% from the company’s current price.

A number of other research analysts have also recently weighed in on BROS. Barclays raised their price target on Dutch Bros from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Royal Bank Of Canada upped their price target on shares of Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group reissued a “buy” rating and set a $85.00 price objective on shares of Dutch Bros in a research note on Tuesday, October 28th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $70.00 target price on shares of Dutch Bros in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.67.

Dutch Bros Price Performance

BROS stock opened at $58.50 on Thursday. The firm has a 50 day moving average of $54.81 and a 200-day moving average of $61.92. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 117.00, a PEG ratio of 3.14 and a beta of 2.55. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. Dutch Bros has a 12-month low of $47.16 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, equities analysts expect that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. The trade was a 99.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 98.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. 42.40% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in shares of Dutch Bros by 7.5% during the 3rd quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock worth $173,000 after buying an additional 232 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Dutch Bros by 82.3% in the third quarter. Swiss Life Asset Management Ltd now owns 5,543 shares of the company’s stock valued at $290,000 after acquiring an additional 2,503 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Dutch Bros during the third quarter valued at about $295,000. Danske Bank A S acquired a new stake in Dutch Bros during the third quarter worth about $68,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Dutch Bros in the 3rd quarter worth about $75,000. 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.