Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Dutch Bros (NYSE:BROS - Get Free Report) had its target price increased by Robert W. Baird from $66.00 to $72.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 21.98% from the stock's current price.

A number of other research firms have also recently weighed in on BROS. TD Securities reaffirmed a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a report on Thursday. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target on the stock. Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average target price of $75.50.

Dutch Bros Trading Down 1.0 %

Shares of Dutch Bros stock opened at $59.03 on Thursday. Dutch Bros has a 52-week low of $26.96 and a 52-week high of $86.88. The firm has a market capitalization of $9.10 billion, a PE ratio of 173.61, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company's fifty day moving average price is $61.41 and its two-hundred day moving average price is $57.74.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company's quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. On average, 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 679,996 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of BROS. XTX Topco Ltd lifted its stake in shares of Dutch Bros by 49.0% during the 1st quarter. XTX Topco Ltd now owns 19,515 shares of the company's stock worth $1,205,000 after buying an additional 6,417 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Dutch Bros by 4.0% in the first quarter. GSA Capital Partners LLP now owns 18,633 shares of the company's stock valued at $1,150,000 after purchasing an additional 712 shares during the last quarter. LPL Financial LLC increased its stake in shares of Dutch Bros by 12.5% during the first quarter. LPL Financial LLC now owns 347,975 shares of the company's stock worth $21,484,000 after purchasing an additional 38,585 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dutch Bros by 3.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,253 shares of the company's stock worth $1,250,000 after purchasing an additional 760 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Dutch Bros by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 91,219 shares of the company's stock valued at $5,632,000 after purchasing an additional 1,849 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.

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