Dutch Bros (NYSE:BROS) Price Target Raised to $85.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target for Dutch Bros (NYSE:BROS) from $83.00 to $85.00, indicating a potential upside of 25.49% from the previous close.
• Despite the positive outlook from Royal Bank of Canada, other analysts have mixed views, with Stifel Nicolaus lowering their target to $82.00 while Bank of America increased their target to $84.00.
• Dutch Bros reported a 28.0% year-over-year revenue growth, with $415.81 million in revenue for their latest quarter, surpassing analyst expectations.

Dutch Bros (NYSE:BROS - Get Free Report) had its target price raised by stock analysts at Royal Bank Of Canada from $83.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 25.49% from the company's previous close.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus lowered their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group began coverage on Dutch Bros in a research note on Thursday, June 26th. They set a "neutral" rating and a $75.00 price target on the stock. Bank of America increased their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley reaffirmed an "overweight" rating on shares of Dutch Bros in a report on Thursday. Finally, TD Securities reiterated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $77.59.

Dutch Bros Stock Up 17.2%

NYSE BROS traded up $9.94 during mid-day trading on Thursday, reaching $67.73. 7,352,283 shares of the company's stock traded hands, compared to its average volume of 3,128,652. 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 fifty day simple moving average of $66.06 and a 200-day simple moving average of $65.48. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 173.92, a P/E/G ratio of 3.18 and a beta of 2.63.

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

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the 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 $10,641,352.28. Following the completion of the transaction, the insider owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Corporate insiders own 42.40% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions LLC grew its position in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after buying an additional 447 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter valued at about $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter valued at about $31,000. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros in the first quarter valued at about $38,000. Finally, Kiker Wealth Management LLC boosted its stake in Dutch Bros by 4,423.1% during the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock worth $40,000 after buying an additional 575 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.