Dutch Bros (NYSE:BROS) Price Target Cut to $35.00

Dutch Bros (NYSE:BROSGet Rating) had its target price lowered by equities research analysts at Cowen from $65.00 to $35.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. Cowen’s target price would indicate a potential upside of 51.91% from the company’s current price.

BROS has been the subject of a number of other reports. Piper Sandler lowered their price objective on shares of Dutch Bros from $85.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Stifel Nicolaus lowered shares of Dutch Bros from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $70.00 to $30.00 in a research note on Thursday. Zacks Investment Research lowered shares of Dutch Bros from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Gordon Haskett initiated coverage on shares of Dutch Bros in a research report on Wednesday, April 13th. They set a “buy” rating and a $64.00 price target for the company. Finally, Bank of America decreased their price target on shares of Dutch Bros from $80.00 to $64.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $50.91.

NYSE:BROS traded down $11.33 during mid-day trading on Thursday, reaching $23.04. The company’s stock had a trading volume of 249,263 shares, compared to its average volume of 1,994,883. Dutch Bros has a 1 year low of $32.42 and a 1 year high of $81.40. The stock has a fifty day moving average of $51.78 and a 200-day moving average of $52.66. The company has a quick ratio of 0.27, a current ratio of 0.43 and a debt-to-equity ratio of 0.40.

Dutch Bros (NYSE:BROSGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). As a group, research analysts anticipate that Dutch Bros will post -0.05 EPS for the current fiscal year.

In other news, major shareholder Tsg7 A. Management Llc sold 5,000,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $51.47, for a total transaction of $257,350,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Brian Maxwell sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $48.75, for a total transaction of $585,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,222,250 shares of company stock worth $267,655,469.

A number of large investors have recently modified their holdings of BROS. Glassman Wealth Services acquired a new position in Dutch Bros in the 4th quarter worth approximately $25,000. Captrust Financial Advisors acquired a new position in Dutch Bros in the 3rd quarter worth approximately $25,000. NEXT Financial Group Inc increased its holdings in Dutch Bros by 595.0% in the 4th quarter. NEXT Financial Group Inc now owns 695 shares of the company’s stock worth $35,000 after buying an additional 595 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in Dutch Bros in the 4th quarter worth approximately $36,000. Finally, Kessler Investment Group LLC acquired a new position in Dutch Bros in the 4th quarter worth approximately $39,000.

About Dutch Bros (Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of December 31, 2021, it operated 538 drive-thru coffee locations in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington.

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