Piper Sandler Raises Dutch Bros (NYSE:BROS) Price Target to $68.00

Dutch Bros (NYSE:BROS) had its price target boosted by stock analysts at Piper Sandler from $61.00 to $68.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential downside of 3.82% from the stock’s previous close.

BROS has been the topic of several other research reports. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Oppenheimer assumed coverage on Dutch Bros in a report on Friday, May 1st. They set an “outperform” rating and a $72.00 price objective for the company. KeyCorp upped their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. BNP Paribas Exane started coverage on shares of Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.32.

Dutch Bros Stock Down 0.0%

Shares of NYSE:BROS opened at $70.70 on Monday. The firm has a fifty day moving average price of $56.43 and a two-hundred day moving average price of $56.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 110.47, a PEG ratio of 2.29 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.69 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The business’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts anticipate that Dutch Bros will post 0.84 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,086,245 shares of company stock worth $243,021,771. 38.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP raised its position in Dutch Bros by 15.1% in the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after purchasing an additional 407,528 shares during the period. Ninety One UK Ltd grew its stake in shares of Dutch Bros by 1.5% during the fourth quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after buying an additional 39,781 shares during the last quarter. Invesco Ltd. increased its holdings 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 buying an additional 93,515 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dutch Bros by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after buying an additional 39,349 shares during the period. Finally, State Street Corp lifted its stake in shares of Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after acquiring an additional 35,854 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.