Dutch Bros (NYSE:BROS) Receives Outperform Rating from William Blair

William Blair reaffirmed their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research report released on Tuesday,RTT News reports.

A number of other research firms also recently weighed in on BROS. Wedbush increased their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.27.

Dutch Bros Stock Performance

Shares of BROS opened at $52.32 on Tuesday. The stock has a 50 day moving average of $44.51 and a 200 day moving average of $38.88. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $56.10. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 180.42, a PEG ratio of 3.89 and a beta of 2.72.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 80,720 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 in the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the third quarter valued at about $224,461,000. Wasatch Advisors LP lifted its holdings in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Dutch Bros in the 2nd quarter worth approximately $57,435,000. Wellington Management Group LLP boosted its stake in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after purchasing an additional 1,141,913 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 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.