Dutch Bros (NYSE:BROS) Rating Reiterated by Wedbush

Dutch Bros (NYSE:BROS - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Wedbush in a note issued to investors on Wednesday, Benzinga reports. They presently have a $37.00 price target on the stock. Wedbush's price objective suggests a potential upside of 12.94% from the stock's previous close.

A number of other brokerages have also recently commented on BROS. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research note on Thursday, February 22nd. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. TD Cowen reissued a "hold" rating and issued a $33.00 price target on shares of Dutch Bros in a report on Wednesday. Piper Sandler upgraded shares of Dutch Bros from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of "Moderate Buy" and an average target price of $34.44.

Dutch Bros Price Performance

Shares of BROS traded up $0.06 during midday trading on Wednesday, reaching $32.76. The stock had a trading volume of 1,384,334 shares, compared to its average volume of 1,986,690. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 1,086.67 and a beta of 2.41. 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 has a 12-month low of $22.67 and a 12-month high of $36.17. The company's 50-day moving average is $30.31 and its 200 day moving average is $28.45.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business 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%. On average, equities analysts predict that Dutch Bros will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Brian Maxwell sold 36,026 shares of Dutch Bros stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $35.12, for a total transaction of $1,265,233.12. Following the completion of the transaction, the chief operating officer now directly owns 1,003,620 shares of the company's stock, valued at approximately $35,247,134.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The disclosure for this sale can be found here. Insiders sold a total of 17,907,188 shares of company stock valued at $561,438,392 over the last three months. Corporate insiders own 49.70% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its position in Dutch Bros by 28.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company's stock valued at $43,000 after purchasing an additional 350 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Dutch Bros by 61.4% in the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company's stock worth $25,000 after buying an additional 415 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company's stock valued at $51,000 after buying an additional 471 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dutch Bros by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 16,235 shares of the company's stock valued at $462,000 after acquiring an additional 488 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Dutch Bros by 87.9% during the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company's stock valued at $35,000 after acquiring an additional 521 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.