Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $75.73

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have been assigned a consensus rating of "Buy" from the seventeen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $75.73.

Several research firms recently weighed in on BROS. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Guggenheim raised their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. TD Securities reissued a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th.

Dutch Bros Stock Up 3.9%

Shares of NYSE BROS traded up $2.70 during midday trading on Wednesday, reaching $72.43. The company's stock had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 213.04, a PEG ratio of 4.23 and a beta of 2.71. The stock has a 50 day simple moving average of $62.69 and a 200-day simple moving average of $61.66.

Dutch Bros (NYSE:BROS - Get Free Report) last released its 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. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the business earned $0.09 earnings per share. The firm's revenue was up 28.7% on a year-over-year basis. Equities research analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 704,995 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the transaction, the chairman now directly owns 2,218,611 shares in the company, valued at approximately $151,398,014.64. This represents a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's 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 completion of the transaction, the insider now owns 2,373,933 shares in the company, valued at $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 over the last ninety days. 42.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros in the fourth quarter valued at about $94,478,000. Clear Creek Financial Management LLC acquired a new stake in Dutch Bros during the fourth quarter worth about $288,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Dutch Bros during the fourth quarter worth about $304,000. Allspring Global Investments Holdings LLC grew its stake in Dutch Bros by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after buying an additional 17,402 shares in the last quarter. Finally, Scratch Capital LLC acquired a new stake in Dutch Bros during the fourth quarter worth about $1,260,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.