Dutch Bros (NYSE:BROS) Given New $92.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for Dutch Bros from $84.00 to $92.00, indicating a potential upside of 32.59% from the current price.
• Dutch Bros reported earnings of $0.26 per share for the last quarter, exceeding analysts' expectations of $0.18, with revenue increasing 28.0% year-over-year.
• Insiders have sold a total of 3,465,214 shares of Dutch Bros stock in recent months, representing a significant change in ownership dynamics at the company.

Dutch Bros (NYSE:BROS - Get Free Report) had its price target raised by investment analysts at Barclays from $84.00 to $92.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 32.59% from the company's current price.

Several other brokerages have also issued reports on BROS. Piper Sandler lowered their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. CICC Research assumed coverage on Dutch Bros in a research note on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective on the stock. TD Securities restated a "buy" rating and issued a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Morgan Stanley reiterated an "overweight" rating on shares of Dutch Bros in a report on Thursday. Finally, UBS Group cut their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $77.24.

Dutch Bros Trading Up 20.1%

Shares of NYSE BROS opened at $69.39 on Thursday. The stock's 50 day simple moving average is $66.06 and its 200 day simple moving average is $65.48. 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 company has a market cap of $11.41 billion, a price-to-earnings ratio of 177.93, a price-to-earnings-growth ratio of 3.18 and a beta of 2.63. Dutch Bros has a 12-month low of $26.96 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The business had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. During the same period in the previous year, the firm posted $0.19 EPS. The company's quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts expect that Dutch Bros will post 0.57 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, 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 transaction, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. 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 insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its stake in shares of Dutch Bros by 638.6% during the 4th 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. AdvisorNet Financial Inc purchased a new position in shares of Dutch Bros during the first quarter valued at approximately $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Dutch Bros during the first quarter valued at approximately $31,000. Banque Transatlantique SA purchased a new stake in Dutch Bros during the first quarter valued at approximately $38,000. Finally, Kiker Wealth Management LLC increased its holdings in Dutch Bros by 4,423.1% during the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock valued at $40,000 after buying an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

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.

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