CICC Research Initiates Coverage on Dutch Bros (NYSE:BROS)

Investment analysts at CICC Research initiated coverage on shares of Dutch Bros (NYSE:BROS - Get Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set an "outperform" rating and a $80.00 price target on the stock. CICC Research's target price indicates a potential upside of 15.39% from the company's current price.

BROS has been the subject of several other research reports. Piper Sandler cut their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. TD Securities restated a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Barclays raised their price target on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. Finally, Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.94.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $69.33 on Monday. Dutch Bros has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The firm's 50 day simple moving average is $67.35 and its 200-day simple moving average is $64.18. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 177.78, a PEG ratio of 4.14 and a beta of 2.73.

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

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the insider now directly owns 2,373,933 shares of the company's stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the completion of the transaction, the chairman now owns 2,218,611 shares in the company, valued at $151,398,014.64. The trade was a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Dutch Bros during the 4th quarter worth about $94,478,000. Scratch Capital LLC acquired a new position in Dutch Bros in the fourth quarter valued at about $1,260,000. Wealth Enhancement Advisory Services LLC purchased a new position in Dutch Bros during the fourth quarter worth about $267,000. Cherry Creek Investment Advisors Inc. increased its position in shares of Dutch Bros by 63.9% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock valued at $1,312,000 after acquiring an additional 8,282 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Company Profile

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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