TD Cowen Upgrades Dutch Bros (NYSE:BROS) to "Buy"

Dutch Bros (NYSE:BROS - Get Free Report) was upgraded by equities research analysts at TD Cowen from a "hold" rating to a "buy" rating in a report released on Friday, MarketBeat reports. The brokerage currently has a $46.00 target price on the stock, up from their prior target price of $33.00. TD Cowen's price target points to a potential upside of 27.78% from the company's previous close.

A number of other equities research analysts have also weighed in on the company. Piper Sandler upgraded Dutch Bros from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Wedbush lifted their price target on shares of Dutch Bros from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday. 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. William Blair reissued an "outperform" rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.67.

Dutch Bros Trading Up 9.8 %

BROS traded up $3.20 on Friday, reaching $36.00. 5,743,852 shares of the company's stock were exchanged, compared to its average volume of 2,117,554. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.25. The company's 50 day moving average is $31.48 and its 200-day moving average is $29.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 1,200.00, a PEG ratio of 4.33 and a beta of 2.43.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million for the quarter, compared to analysts' expectations of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. Equities analysts predict that Dutch Bros will post 0.25 earnings per share for the current year.

Insider Transactions at Dutch Bros

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total value of $1,773,816.72. Following the completion of the sale, the insider now directly owns 1,051,178 shares of the company's stock, valued at $37,884,455.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock worth $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Blair William & Co. IL boosted its holdings in Dutch Bros by 7.5% in the first quarter. Blair William & Co. IL now owns 154,135 shares of the company's stock worth $5,086,000 after purchasing an additional 10,798 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Dutch Bros during the first quarter worth $23,137,000. Inspire Advisors LLC increased its holdings in shares of Dutch Bros by 7.1% during the 1st quarter. Inspire Advisors LLC now owns 16,010 shares of the company's stock valued at $528,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Dutch Bros by 94.3% in the 1st quarter. Sei Investments Co. now owns 65,607 shares of the company's stock worth $2,165,000 after purchasing an additional 31,838 shares during the last quarter. Hedge funds and other 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.