The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00

Key Points

• The Goldman Sachs Group has reduced their price target for Dutch Bros (NYSE:BROS) from $81.00 to $72.00, maintaining a "neutral" rating on the stock.
• Multiple research firms have given varying ratings and increased price targets for Dutch Bros, with UBS raising theirs to $85.00 and Barclays to $92.00.
• Insider selling has occurred recently, with major shareholder Dm Individual Aggregator, LLC, and Chairman Travis Boersma selling a combined total of over 1.7 million shares valued at approximately $113 million.

Dutch Bros (NYSE:BROS - Get Free Report) had its price target reduced by research analysts at The Goldman Sachs Group from $81.00 to $72.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's target price would suggest a potential upside of 37.78% from the company's current price.

Several other research firms also recently commented on BROS. UBS Group raised their price objective on Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Bank of America lifted their price objective on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Finally, Barclays upped their price objective on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros has an average rating of "Buy" and an average price target of $79.88.

Dutch Bros Stock Down 0.6%

NYSE:BROS traded down $0.31 during mid-day trading on Tuesday, hitting $52.26. 1,694,803 shares of the company's stock were exchanged, compared to its average volume of 3,274,423. The business has a fifty day moving average price of $63.19 and a 200 day moving average price of $64.38. The company has a market cap of $8.60 billion, a PE ratio of 110.93, a P/E/G ratio of 2.94 and a beta of 2.64. Dutch Bros has a one year low of $30.49 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Equities analysts predict that Dutch Bros will post 0.57 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock worth $207,633,882 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BROS. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at $267,000. AdvisorNet Financial Inc purchased a new position in shares of Dutch Bros during the first quarter worth $31,000. GAMMA Investing LLC lifted its position in Dutch Bros by 11,342.2% during the first quarter. GAMMA Investing LLC now owns 50,689 shares of the company's stock valued at $3,130,000 after purchasing an additional 50,246 shares during the period. NBC Securities Inc. grew its position in Dutch Bros by 49,758.3% during the 1st quarter. NBC Securities Inc. now owns 5,983 shares of the company's stock worth $369,000 after purchasing an additional 5,971 shares during the period. Finally, Merit Financial Group LLC purchased a new position in Dutch Bros during the first quarter valued at approximately $359,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

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