Dutch Bros (NYSE:BROS) Price Target Increased to $35.00 by Analysts at Barclays

Dutch Bros (NYSE:BROS) had its target price upped by Barclays from $30.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 6.87% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price target for the company from $32.00 to $37.00 in a report on Monday, March 4th. TD Cowen reissued a “hold” rating and issued a $33.00 price target on shares of Dutch Bros in a report on Friday, April 26th. Wedbush increased their price target on Dutch Bros from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.22.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $32.75 on Wednesday. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $36.17. The business has a 50-day moving average of $31.35 and a 200-day moving average of $29.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 1,091.67, a PEG ratio of 4.33 and a beta of 2.43.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. On average, equities analysts anticipate that Dutch Bros will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares in the company, valued at $36,387,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Brian Maxwell sold 1,474 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at approximately $36,387,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the sale, the chairman now owns 1,378,683 shares in the company, valued at $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock worth $561,438,392 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB bought a new position in Dutch Bros in the 4th quarter worth approximately $3,852,000. Fenimore Asset Management Inc. bought a new position in Dutch Bros in the 4th quarter worth approximately $13,610,000. Barclays PLC grew its holdings in Dutch Bros by 181.7% in the 3rd quarter. Barclays PLC now owns 18,774 shares of the company’s stock worth $437,000 after buying an additional 12,109 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dutch Bros by 32.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock worth $107,288,000 after buying an additional 1,120,908 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after buying an additional 773,616 shares in the last quarter. 85.54% of the stock is 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.