Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Barclays Analyst Says

Dutch Bros (NYSE:BROS) had its target price increased by equities research analysts at Barclays from $76.00 to $82.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 29.26% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. TD Securities restated a “buy” rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday. Jefferies Financial Group upped their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. UBS Group dropped their price target on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Guggenheim upped their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Finally, Robert W. Baird lifted their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $75.21.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $63.44 on Thursday. The business’s 50 day moving average price is $61.01 and its 200 day moving average price is $58.14. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 186.59, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a one year low of $26.96 and a one year high of $86.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm had revenue of $355.15 million for the quarter, compared to analysts’ expectations of $343.30 million. During the same quarter in the previous year, the company posted $0.09 EPS. The company’s revenue was up 28.7% compared to the same quarter last year. On average, research analysts predict that Dutch Bros will post 0.57 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently bought and sold shares of the stock. CenterBook Partners LP acquired a new stake in shares of Dutch Bros during the first quarter worth about $1,382,000. Deutsche Bank AG grew its stake in Dutch Bros by 12.2% during the 1st quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock worth $37,852,000 after buying an additional 66,819 shares during the last quarter. Monetta Financial Services Inc. purchased a new position in Dutch Bros during the 1st quarter worth approximately $741,000. West Michigan Advisors LLC acquired a new position in Dutch Bros during the first quarter worth approximately $401,000. Finally, ING Groep NV lifted its stake in Dutch Bros by 582.9% in the first quarter. ING Groep NV now owns 282,700 shares of the company’s stock valued at $17,454,000 after buying an additional 241,300 shares during the last quarter. Institutional investors and hedge funds 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.