Dutch Bros (NYSE:BROS) Raised to “Overweight” at Barclays

Dutch Bros (NYSE:BROS) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $70.00 price target on the stock, up from their previous price target of $38.00. Barclays‘s price target suggests a potential upside of 24.75% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group upped their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. UBS Group increased their price objective on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $56.36.

Dutch Bros Stock Down 2.5 %

Shares of Dutch Bros stock opened at $56.11 on Tuesday. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $59.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a market capitalization of $8.65 billion, a P/E ratio of 193.49, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The business has a 50-day moving average of $50.12 and a two-hundred day moving average of $40.46.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. As a group, equities analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last ninety days. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. Jamison Private Wealth Management Inc. boosted its holdings 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 during the period. Hollencrest Capital Management lifted its holdings in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Quest Partners LLC boosted its stake in 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. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the 3rd quarter valued at $36,000. Finally, nVerses Capital LLC bought a new position in Dutch Bros during the 3rd quarter worth $38,000. 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.