Dutch Bros Inc. (NYSE:BROS – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $61.92 and last traded at $61.19, with a volume of 622346 shares traded. The stock had previously closed at $59.59.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on BROS shares. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $60.09.
Get Our Latest Analysis on BROS
Dutch Bros Trading Up 2.7 %
Dutch Bros (NYSE:BROS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 2.54% and a return on equity of 5.48%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current year.
Insider Activity at Dutch Bros
In related news, Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 96.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 439,655 shares of company stock valued at $14,679,518. Insiders own 46.50% of the company’s stock.
Institutional Investors Weigh In On Dutch Bros
Hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Dutch Bros in the fourth quarter worth approximately $25,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the third quarter worth approximately $36,000. Finally, nVerses Capital LLC purchased a new stake in shares of Dutch Bros in the third quarter worth approximately $38,000. 85.54% of the stock is currently owned by hedge funds and other 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.
Recommended Stories
- Five stocks we like better than Dutch Bros
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 3 Steel Stocks Soaring After Tariff Announcements
- Upcoming IPO Stock Lockup Period, Explained
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
- What is Put Option Volume?
- Why Salesforce Stock Could Be at Fresh Highs by February
Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.