Dutch Bros (NYSE:BROS) Price Target Raised to $76.00 at Guggenheim

Key Points

• Guggenheim has raised its price target for Dutch Bros from $72.00 to $76.00, indicating a potential upside of 6.79% based on the stock's previous close.
• Multiple analysts have varied ratings for Dutch Bros, with Bank of America lifting its target to $84.00 and Stifel Nicolaus reducing it to $82.00, but the overall consensus remains a "buy" rating.
• In the latest earnings report, Dutch Bros exceeded analysts' expectations with an EPS of $0.26 and a revenue increase of 28.0% compared to the same quarter last year.

Dutch Bros (NYSE:BROS - Get Free Report) had its target price raised by Guggenheim from $72.00 to $76.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's target price suggests a potential upside of 6.79% from the stock's previous close.

Several other equities research analysts have also issued reports on the company. Bank of America lifted their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday. Stifel Nicolaus dropped their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Piper Sandler reduced their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, TD Securities reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $77.47.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $13.38 during midday trading on Thursday, hitting $71.17. 4,797,839 shares of the company's stock were exchanged, compared to its average volume of 3,108,342. 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 business's fifty day moving average price is $66.06 and its two-hundred day moving average price is $65.48. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 182.73, a PEG 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 quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business's revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, research analysts forecast that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction that occurred 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 transaction, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's 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 sale, the insider directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Company insiders own 42.40% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new stake in Dutch Bros in the first quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Dutch Bros during the 1st quarter worth approximately $31,000. Coppell Advisory Solutions LLC grew its holdings 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 worth $27,000 after acquiring an additional 447 shares during the period. Kiker Wealth Management LLC raised its position in shares of Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock worth $40,000 after acquiring an additional 575 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Dutch Bros in the 1st quarter valued at approximately $38,000. 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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