Robert W. Baird Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its target price raised by equities researchers at Robert W. Baird from $37.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential downside of 3.26% from the stock’s current price.

A number of other brokerages also recently weighed in on BROS. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. UBS Group raised their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. TD Cowen increased 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. Finally, Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $43.20.

Dutch Bros Price Performance

BROS stock traded up $12.61 during mid-day trading on Thursday, reaching $47.55. 12,783,140 shares of the company traded hands, compared to its average volume of 2,756,476. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24. The company has a market capitalization of $7.33 billion, a P/E ratio of 192.36, a P/E/G ratio of 3.68 and a beta of 2.47. 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 company has a fifty day moving average price of $33.24 and a 200-day moving average price of $34.92.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year. As a group, analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares in the company, valued at $22,810,208. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,689,583 shares of company stock worth $55,164,707 over the last ninety days. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in Dutch Bros during the 1st quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the second quarter worth $27,000. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Finally, Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

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.