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

Dutch Bros (NYSE:BROS) had its price target lifted by analysts at Piper Sandler from $36.00 to $51.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 4.55% from the stock’s previous close.

Several other research firms have also weighed in on BROS. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays increased their price target on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group raised their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush boosted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $45.80.

Dutch Bros Price Performance

NYSE:BROS opened at $48.78 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $34.56 and its 200 day moving average price is $35.49. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $50.24. The firm has a market cap of $7.52 billion, a P/E ratio of 168.21, a PEG ratio of 5.20 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.58%. 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 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. As a group, sell-side analysts predict that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the company’s 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 transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in Dutch Bros in the 1st quarter worth approximately $26,000. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the second quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. lifted its stake 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 last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% during the 3rd 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. Finally, Quest Partners LLC grew its stake in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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.