Dutch Bros (NYSE:BROS – Get Rating) had its price target boosted by Robert W. Baird from $30.00 to $46.00 in a report published on Thursday morning, The Fly reports.
A number of other analysts have also weighed in on the stock. Piper Sandler upped their target price on shares of Dutch Bros from $44.00 to $50.00 and gave the stock an overweight rating in a report on Thursday. Cowen decreased their target price on shares of Dutch Bros from $65.00 to $35.00 in a report on Thursday, May 12th. JPMorgan Chase & Co. lowered shares of Dutch Bros from an overweight rating to a neutral rating and set a $40.00 target price on the stock. in a report on Wednesday, June 8th. They noted that the move was a valuation call. Barclays upped their target price on shares of Dutch Bros from $25.00 to $34.00 and gave the stock an equal weight rating in a report on Thursday, June 9th. Finally, Gordon Haskett initiated coverage on shares of Dutch Bros in a research note on Wednesday, April 13th. They issued a buy rating and a $64.00 price target for the company. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $47.60.
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Dutch Bros Stock Performance
NYSE BROS opened at $46.70 on Thursday. The company's 50 day moving average is $37.20 and its 200-day moving average is $44.29. Dutch Bros has a 12-month low of $20.05 and a 12-month high of $81.40. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.85 billion and a P/E ratio of -141.51.
Dutch Bros (NYSE:BROS – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $186.38 million during the quarter, compared to the consensus estimate of $182.56 million. Dutch Bros had a negative net
margin of 2.54% and a positive return on equity of 0.55%. Dutch Bros's quarterly revenue was up 44.2% compared to the same quarter last year. Sell-side analysts predict that Dutch Bros will post -0.02 earnings per share for the current year.
Insider Activity
In other news, COO Brian Maxwell sold 12,000 shares of the company's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $40.92, for a total value of $491,040.00. Following the completion of the sale, the chief operating officer now owns 1,219,620 shares of the company's stock, valued at approximately $49,906,850.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 49.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Dutch Bros
Several institutional investors have recently added to or reduced their stakes in BROS. CWM LLC purchased a new stake in Dutch Bros during the 4th quarter valued at $160,000. Sigma Planning Corp purchased a new stake in Dutch Bros during the 4th quarter valued at $486,000. Advisor Group Holdings Inc. boosted its position in Dutch Bros by 99.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 61,635 shares of the company's stock valued at $3,142,000 after buying an additional 30,683 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Dutch Bros by 86.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 38,346 shares of the company's stock worth $1,952,000 after purchasing an additional 17,764 shares in the last quarter. Finally, Matisse Capital bought a new position in Dutch Bros in the 4th quarter worth $374,000.
About Dutch Bros
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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 May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.
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