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 $31.64.
O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Planet Fitness, and Dutch Bros Inc. According to TipRanks, O`Cull has an average return of 11.1% and a 58.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dutch Bros Inc with a $37.00 average price target, which is a 16.94% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $37.00 price target.
BROS market cap is currently $6.1B and has a P/E ratio of 1,049.04.
Based on the recent corporate insider activity of 85 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. Last month, TSG7 A Management LLC, a Major Shareholder at BROS sold 6,832,269.00 shares for a total of $218,421,296.31.
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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.
