Dutch Bros (NYSE:BROS) Price Target Raised to $72.00

Dutch Bros (NYSE:BROS - Get Free Report) had its target price increased by investment analysts at Robert W. Baird from $66.00 to $72.00 in a research report issued 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 2.04% from the stock's current price.

A number of other analysts also recently issued reports on BROS. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research report on Monday, March 31st. Finally, UBS Group dropped their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $75.21.

Dutch Bros Price Performance

Shares of NYSE:BROS traded up $0.70 during midday trading on Thursday, hitting $70.56. The company had a trading volume of 1,357,497 shares, compared to its average volume of 3,157,999. Dutch Bros has a twelve month low of $26.96 and a twelve month high of $86.88. 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 stock has a market cap of $10.88 billion, a price-to-earnings ratio of 207.54, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The business's 50-day simple moving average is $61.00 and its 200-day simple moving average is $58.71.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. On average, research analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on 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 owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last quarter. Company insiders own 42.40% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after buying an additional 153,070 shares during the last quarter. 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 in 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 in the last quarter. FIL Ltd bought a new position in Dutch Bros in the fourth quarter valued at approximately $176,298,000. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros in the fourth quarter valued at approximately $94,478,000. 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.