Dutch Bros (NYSE:BROS) Given New $62.00 Price Target at Stifel Nicolaus

Dutch Bros (NYSE:BROS) had its price objective boosted by Stifel Nicolaus from $53.00 to $62.00 in a report issued on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

BROS has been the subject of a number of other reports. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Monday, January 6th. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. 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, JPMorgan Chase & Co. raised their target price 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. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average target price of $57.18.

Dutch Bros Trading Up 2.2 %

NYSE BROS opened at $57.42 on Friday. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 198.01, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $59.18. The company’s fifty day moving average price is $51.04 and its two-hundred day moving average price is $40.67.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were 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 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 560,698 shares of company stock worth $19,040,697. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the third quarter valued at approximately $224,461,000. Wasatch Advisors LP increased its position in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the period. Marshall Wace LLP raised its stake in shares of Dutch Bros by 15.4% in the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Dutch Bros by 11.0% in 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. Finally, Eagle Asset Management Inc. boosted its stake in Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares in the last quarter. 85.54% of the stock is currently owned by 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.