Guggenheim reiterated their neutral rating on shares of Dutch Bros (NYSE:BROS - Free Report) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $30.00 target price on the stock.
Other analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a buy rating and issued a $40.00 price target on shares of Dutch Bros in a research note on Wednesday. TD Cowen reaffirmed a market perform rating and issued a $33.00 price target on shares of Dutch Bros in a research note on Thursday, February 22nd. Barclays dropped their price target on Dutch Bros from $31.00 to $30.00 and set an equal weight rating for the company in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their price target on Dutch Bros from $34.00 to $40.00 and gave the stock an overweight rating in a research note on Tuesday, March 19th. Finally, Piper Sandler raised Dutch Bros from a neutral rating to an overweight rating and raised their price target for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $34.44.
Check Out Our Latest Stock Report on Dutch Bros
Dutch Bros Trading Up 1.2 %
Shares of NYSE:BROS traded up $0.39 during trading on Friday, reaching $32.88. 1,585,443 shares of the company traded hands, compared to its average volume of 2,010,110. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 1,096.00 and a beta of 2.41. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $36.17. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $30.12 and its 200-day moving average is $28.28.
Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. As a group, analysts forecast that Dutch Bros will post 0.26 EPS for the current year.
Insiders Place Their Bets
In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 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 $5,682,234.18. Following the completion of the transaction, the insider now owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. 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 202,503 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the transaction, the insider now owns 1,378,683 shares of the company's stock, valued at $38,685,844.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,907,188 shares of company stock worth $561,438,392. 49.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Dutch Bros
Institutional investors and hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC increased its holdings in shares of Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company's stock valued at $25,000 after acquiring an additional 415 shares in the last quarter. Captrust Financial Advisors increased its holdings in Dutch Bros by 87.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company's stock worth $35,000 after buying an additional 521 shares in the last quarter. Deutsche Bank AG bought a new stake in Dutch Bros in the 4th quarter worth about $36,000. DekaBank Deutsche Girozentrale bought a new stake in Dutch Bros in the 4th quarter worth about $40,000. Finally, Avior Wealth Management LLC increased its holdings in Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company's stock worth $41,000 after buying an additional 1,208 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.
About Dutch Bros
(
Get Free Report)
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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