In a report released today, Chris O`Cull from Stifel Nicolaus maintained a Buy rating on Dutch Bros Inc (BROS – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $27.04.
O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and McDonald’s. According to TipRanks, O`Cull has an average return of 10.6% and a 57.80% success rate on recommended stocks.
In addition to Stifel Nicolaus, Dutch Bros Inc also received a Buy from Wedbush’s Nick Setyan in a report issued today. However, yesterday, Barclays assigned a Hold rating to Dutch Bros Inc (NYSE: BROS).
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The company has a one-year high of $36.49 and a one-year low of $22.67. Currently, Dutch Bros Inc has an average volume of 1.45M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BROS in relation to earlier this year. Most recently, in December 2023, TSG7 A Management LLC, a Major Shareholder at BROS sold 1,104,905.00 shares for a total of $30,607,634.70.
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Dutch Bros Inc (BROS) Company Description:
Dutch Bros Inc is a growing brand in the foodservice and restaurant industry in the United States. It has two operating segments. The company-operated shops segment, which is the key revenue driver, represents coffee shop sales to customers. The Franchising and other segment represents bean and product sales to franchisees and includes the initial franchise fees, royalties, marketing fees, and lease income.
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