Dutch Bros (NYSE:BROS) Stock Rating Reaffirmed by Stifel Nicolaus

Dutch Bros (NYSE:BROS - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Stifel Nicolaus in a research report issued on Wednesday, Benzinga reports. They presently have a $40.00 price target on the stock. Stifel Nicolaus' target price suggests a potential upside of 22.29% from the company's previous close.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler upgraded Dutch Bros from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $32.00 to $37.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. William Blair restated an "outperform" rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Wedbush restated an "outperform" rating and set a $37.00 price objective on shares of Dutch Bros in a research report on Wednesday. Finally, TD Cowen restated a "market perform" rating and set a $33.00 price objective on shares of Dutch Bros in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $1.07 during trading on Wednesday, reaching $32.71. 2,205,452 shares of the stock were exchanged, compared to its average volume of 2,015,074. Dutch Bros has a 12 month low of $22.67 and a 12 month high of $36.17. The firm has a market cap of $5.79 billion, a PE ratio of 1,090.33 and a beta of 2.41. The stock has a 50-day moving average price of $29.91 and a 200-day moving average price of $28.20. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The company had revenue of $254.12 million during the quarter, compared to analysts' expectations of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. Research analysts expect that Dutch Bros will post 0.26 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the sale, the chief operating officer now owns 1,039,646 shares of the company's stock, valued at $36,387,610. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,907,188 shares of company stock worth $561,438,392. Corporate insiders own 49.70% of the company's stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC boosted its position in shares of Dutch Bros by 61.4% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company's stock worth $25,000 after purchasing an additional 415 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Dutch Bros by 87.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company's stock worth $35,000 after purchasing an additional 521 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Dutch Bros during the 4th quarter worth about $36,000. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros during the 4th quarter worth about $40,000. Finally, Avior Wealth Management LLC boosted its position in shares of Dutch Bros by 1,610.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company's stock worth $41,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

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.