Analysts Set Dutch Bros Inc. (NYSE:BROS) Target Price at $76.67

Dutch Bros Inc. (NYSE:BROSGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $76.6667.

A number of research firms recently issued reports on BROS. Wells Fargo & Company reduced their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Royal Bank Of Canada lifted their price objective on shares of Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Evercore ISI set a $73.00 target price on shares of Dutch Bros in a research report on Monday, January 5th. Finally, The Goldman Sachs Group cut their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th.

Get Our Latest Report on BROS

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the transaction, the chairman directly owned 9,817 shares in the company, valued at approximately $544,254.48. This trade represents a 99.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,465,214 shares of company stock worth $189,800,291 in the last quarter. Company insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently made changes to their positions in BROS. Marshall Wace LLP grew its position in Dutch Bros by 7.2% during the third quarter. Marshall Wace LLP now owns 2,690,760 shares of the company’s stock valued at $140,834,000 after purchasing an additional 180,993 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Dutch Bros in the third quarter worth $135,336,000. Invesco Ltd. increased its stake in shares of Dutch Bros by 4.0% in the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock worth $127,011,000 after acquiring an additional 93,515 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dutch Bros by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock worth $148,643,000 after acquiring an additional 267,074 shares in the last quarter. Finally, State Street Corp boosted its position in Dutch Bros by 6.6% during the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Stock Performance

Dutch Bros stock opened at $62.37 on Thursday. Dutch Bros has a 12-month low of $47.16 and a 12-month high of $86.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 124.73, a price-to-earnings-growth ratio of 2.42 and a beta of 2.55. The firm’s fifty day moving average price is $59.07 and its 200 day moving average price is $60.52.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The company had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. During the same period in the previous year, the business earned $0.16 EPS. Dutch Bros’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, research analysts forecast that Dutch Bros will post 0.57 EPS for the current fiscal year.

About Dutch Bros

(Get Free Report)

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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