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

Dutch Bros (NYSE:BROS - Get Free Report) had its price objective decreased by research analysts at Barclays from $94.00 to $76.00 in a report released on Tuesday, MarketBeat.com reports. The firm presently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 19.78% from the stock's current price.

Several other equities research analysts have also issued reports on the stock. TD Securities reiterated a "buy" rating and set a $89.00 target price on shares of Dutch Bros in a research report on Friday, March 28th. JPMorgan Chase & Co. upped their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Wedbush reissued an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Robert W. Baird cut their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler increased their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.57.

Dutch Bros Price Performance

NYSE:BROS traded up $1.94 during mid-day trading on Tuesday, hitting $63.45. 1,705,305 shares of the stock traded hands, compared to its average volume of 3,172,499. The business's 50-day moving average price is $64.22 and its 200 day moving average price is $56.44. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.78 billion, a PE ratio of 186.62, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. Company insiders own 42.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BROS. R Squared Ltd bought a new position in Dutch Bros in the fourth quarter worth about $25,000. AdvisorNet Financial Inc bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Coppell Advisory Solutions LLC boosted its position 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 in the last quarter. Fortitude Family Office LLC bought a new position in Dutch Bros in the fourth quarter worth $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the fourth quarter valued at $43,000. 85.54% of the stock is currently owned by institutional investors.

About Dutch Bros

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.