Dutch Bros (NYSE:BROS – Get Rating) had its target price lifted by equities researchers at Barclays from $34.00 to $37.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential downside of 20.77% from the stock's current price.
Other equities analysts have also recently issued reports about the stock. Cowen cut their target price on shares of Dutch Bros from $65.00 to $35.00 in a research note on Thursday, May 12th. JPMorgan Chase & Co. cut shares of Dutch Bros from an "overweight" rating to a "neutral" rating and set a $40.00 target price for the company. in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Robert W. Baird lifted their price objective on shares of Dutch Bros from $30.00 to $46.00 in a research note on Thursday. Cowen decreased their target price on shares of Dutch Bros from $65.00 to $35.00 in a research note on Thursday, May 12th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.60.
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NYSE BROS opened at $46.70 on Thursday. Dutch Bros has a 52-week low of $20.05 and a 52-week high of $81.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market capitalization of $1.85 billion and a P/E ratio of -141.51. The company has a fifty day moving average of $37.20 and a 200-day moving average of $44.34.
Dutch Bros (NYSE:BROS – Get Rating) last announced 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 company had revenue of $186.38 million for the quarter, compared to analysts' expectations of $182.56 million. Dutch Bros had a negative net margin of 2.54% and a positive return on equity of 0.55%. The company's quarterly revenue was up 44.2% compared to the same quarter last year. As a group, equities research analysts predict that Dutch Bros will post -0.02 EPS for the current fiscal year.Insiders Place Their Bets
In other Dutch Bros news, Director Stephen Gillett bought 4,725 shares of the firm's stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $26.29 per share, for a total transaction of $124,220.25. Following the purchase, the director now directly owns 4,725 shares in the company, valued at $124,220.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dutch Bros news, Director Stephen Gillett purchased 4,725 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average cost of $26.29 per share, with a total value of $124,220.25. Following the acquisition, the director now directly owns 4,725 shares of the company's stock, valued at approximately $124,220.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brian Maxwell sold 48,000 shares of Dutch Bros stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $40.12, for a total value of $1,925,760.00. Following the completion of the sale, the chief operating officer now directly owns 1,171,620 shares of the company's stock, valued at $47,005,394.40. The disclosure for this sale can be found here. Insiders own 49.30% of the company's stock.
Institutional Trading of Dutch Bros
Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $160,000. Sigma Planning Corp acquired a new stake in Dutch Bros in the fourth quarter valued at $486,000. Advisor Group Holdings Inc. grew its holdings in Dutch Bros by 99.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 61,635 shares of the company's stock worth $3,142,000 after acquiring an additional 30,683 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Dutch Bros by 86.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 38,346 shares of the company's stock worth $1,952,000 after acquiring an additional 17,764 shares during the period. Finally, Matisse Capital bought a new position in shares of Dutch Bros during the 4th quarter worth about $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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