Dutch Bros (NYSE:BROS) PT Raised to $53.00

Dutch Bros (NYSE:BROSGet Rating) had its target price boosted by Cowen to $53.00 in a research report report published on Monday morning, Stock Target Advisor reports.

BROS has been the topic of several other reports. Piper Sandler boosted their price target on Dutch Bros from $44.00 to $50.00 and gave the stock an overweight rating in a report on Thursday, August 11th. Cowen reduced their price target on Dutch Bros from $65.00 to $35.00 in a report on Thursday, May 12th. Bank of America reduced their price target on Dutch Bros from $80.00 to $64.00 in a report on Thursday, May 12th. Stifel Nicolaus lifted their price objective on Dutch Bros from $30.00 to $45.00 in a research note on Thursday, August 11th. Finally, Robert W. Baird lifted their price objective on Dutch Bros from $30.00 to $46.00 in a research note on Thursday, August 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $49.40.

Dutch Bros Stock Performance

Dutch Bros stock opened at $42.51 on Monday. The stock has a market cap of $1.68 billion and a PE ratio of -128.81. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $37.53 and its two-hundred day moving average price is $44.21. Dutch Bros has a 12-month low of $20.05 and a 12-month high of $81.40.

Dutch Bros (NYSE:BROSGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $186.38 million for the quarter, compared to the consensus estimate of $182.56 million. Dutch Bros had a positive return on equity of 0.55% and a negative net margin of 2.54%. The business’s quarterly revenue was up 44.2% compared to the same quarter last year. As a group, analysts expect that Dutch Bros will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, COO Brian Maxwell sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $40.92, for a total value of $491,040.00. Following the transaction, the chief operating officer now directly owns 1,219,620 shares of the company’s stock, valued at $49,906,850.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Charles Jemley sold 85,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $46.28, for a total transaction of $3,933,800.00. Following the transaction, the chief financial officer now directly owns 1,167,032 shares of the company’s stock, valued at $54,010,240.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian Maxwell sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $40.92, for a total value of $491,040.00. Following the transaction, the chief operating officer now directly owns 1,219,620 shares in the company, valued at $49,906,850.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,125 shares of company stock valued at $9,643,688. 49.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $354,000. National Asset Management Inc. raised its position in shares of Dutch Bros by 12.0% during the first quarter. National Asset Management Inc. now owns 5,855 shares of the company’s stock worth $324,000 after purchasing an additional 625 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $13,896,000. Bank of America Corp DE raised its position in shares of Dutch Bros by 1,087.6% during the fourth quarter. Bank of America Corp DE now owns 107,607 shares of the company’s stock worth $5,479,000 after purchasing an additional 98,546 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $261,000.

About Dutch Bros

(Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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