Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Dutch Bros (NYSE:BROS) had its price target raised by Piper Sandler from $36.00 to $51.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. Wedbush increased 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, November 7th. Barclays increased their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group increased their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus dropped their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average price target of $47.30.

Dutch Bros Trading Down 1.1 %

Shares of NYSE:BROS opened at $46.93 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $35.18 and its 200 day moving average price is $35.65. The company has a market cap of $7.24 billion, a PE ratio of 161.83, a P/E/G ratio of 4.13 and a beta of 2.47. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $50.24.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating 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 company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Dutch Bros will post 0.37 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total value of $919,294.20. Following the completion of the transaction, the insider now owns 432,518 shares in the company, valued at $13,849,226.36. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BROS. Baillie Gifford & Co. acquired a new position in Dutch Bros in the 3rd quarter worth approximately $224,461,000. Vanguard Group Inc. lifted its holdings in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares during the period. Marshall Wace LLP grew its holdings in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after buying an additional 527,716 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its position in Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after buying an additional 222,650 shares during the period. 85.54% of the stock is owned by hedge funds and other 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.