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Barclays Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros logo with Retail/Wholesale background

Dutch Bros (NYSE:BROS - Get Free Report) had its price target hoisted by Barclays from $82.00 to $84.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 33.60% from the company's previous close.

A number of other brokerages have also recently weighed in on BROS. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. The Goldman Sachs Group began coverage on shares of Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price target for the company. TD Securities restated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research report on Monday. Finally, Robert W. Baird increased their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $76.06.

Read Our Latest Stock Report on Dutch Bros

Dutch Bros Stock Down 0.0%

Shares of BROS stock traded down $0.01 during trading hours on Thursday, reaching $62.88. 436,438 shares of the company's stock were exchanged, compared to its average volume of 3,082,119. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average is $68.71 and its 200-day moving average is $65.11. Dutch Bros has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 161.22, a P/E/G ratio of 3.83 and a beta of 2.65.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period in the previous year, the firm posted $0.09 EPS. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. Analysts predict that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the transaction, the insider owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 over the last quarter. 42.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC boosted its stake in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc bought a new stake in Dutch Bros in the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the 1st quarter worth about $31,000. Banque Transatlantique SA purchased a new position in Dutch Bros in the first quarter worth about $38,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $43,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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