Dutch Bros (NYSE:BROS) Raised to Strong-Buy at Melius Research

Dutch Bros (NYSE:BROS - Get Free Report) was upgraded by Melius Research to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Guggenheim raised their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Royal Bank Of Canada began coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target on the stock. Wells Fargo & Company began coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Finally, Piper Sandler cut their target price 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. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $76.06.

Dutch Bros Price Performance

NYSE:BROS traded up $0.74 during mid-day trading on Monday, reaching $64.22. The stock had a trading volume of 336,394 shares, compared to its average volume of 3,082,197. The firm has a 50 day moving average price of $68.69 and a two-hundred day moving average price of $65.18. The stock has a market capitalization of $10.56 billion, a P/E ratio of 164.68, a P/E/G ratio of 3.77 and a beta of 2.65. Dutch Bros has a one year low of $26.96 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.73% and a net margin of 3.20%. The firm had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business's revenue was up 28.7% on a year-over-year basis. As a group, analysts expect 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 722,841 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 $48,300,235.62. Following the completion of the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after buying an additional 153,070 shares during the period. FMR LLC grew its stake in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Dutch Bros by 14.0% in 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 purchasing an additional 627,875 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock valued at $211,163,000 after purchasing an additional 788,100 shares during the last quarter. Finally, FIL Ltd purchased a new position in Dutch Bros in the fourth quarter valued at about $176,298,000. 85.54% of the stock is currently owned by institutional investors.

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.