Dutch Bros (NYSE:BROS) Upgraded to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS) from a neutral rating to an outperform rating in a research report released on Monday, MarketBeat reports. The brokerage currently has $70.00 price objective on the stock, up from their previous price objective of $60.00.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 14th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. UBS Group lifted their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays upped their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $56.36.

Dutch Bros Stock Down 2.5 %

BROS opened at $56.11 on Monday. The firm has a market cap of $8.65 billion, a P/E ratio of 193.49, 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 quick ratio of 1.68 and a current ratio of 1.90. The business has a 50 day moving average price of $50.12 and a 200 day moving average price of $40.46. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $59.18.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analyst estimates 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 firm posted $0.08 earnings per share. Research analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 in the last 90 days. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in Dutch Bros during the third quarter worth about $224,461,000. Wasatch Advisors LP grew its position in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Dutch Bros during the 2nd quarter valued at $57,435,000. Wellington Management Group LLP raised its position in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after purchasing an additional 741,771 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.