Dutch Bros (NYSE:BROS) Given New $48.00 Price Target at JPMorgan Chase & Co.

Dutch Bros (NYSE:BROS) had its target price lifted by JPMorgan Chase & Co. from $44.00 to $48.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on BROS. UBS Group lifted their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Barclays decreased their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. TD Cowen raised their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.30.

Dutch Bros Price Performance

Shares of BROS traded up $2.41 during mid-day trading on Thursday, hitting $47.18. The company’s stock had a trading volume of 6,638,047 shares, compared to its average volume of 2,810,135. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The firm has a 50-day moving average price of $33.53 and a 200 day moving average price of $34.99. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 188.24, a PEG ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. On average, research analysts predict that Dutch Bros will post 0.33 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last 90 days. 46.50% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

A number of large investors have recently bought and sold shares of BROS. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC grew its position in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Transcendent Capital Group LLC bought a new position in Dutch Bros in the first quarter valued at approximately $26,000. Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Finally, Hollencrest Capital Management raised its holdings in shares of 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.

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.