Barclays Boosts Dutch Bros (NYSE:BROS) Price Target to $35.00

Dutch Bros (NYSE:BROS) had its price objective raised by equities research analysts at Barclays from $30.00 to $35.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 10.58% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Wedbush increased their price objective on shares of Dutch Bros from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. TD Cowen reaffirmed a “hold” rating and set a $33.00 target price on shares of Dutch Bros in a research report on Friday, April 26th. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Dutch Bros Trading Up 11.4 %

Shares of NYSE:BROS traded up $3.23 during midday trading on Wednesday, reaching $31.65. The company’s stock had a trading volume of 7,855,052 shares, compared to its average volume of 2,036,235. The firm has a 50 day moving average price of $31.22 and a two-hundred day moving average price of $29.16. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $36.17. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 1,060.00, a PEG ratio of 4.33 and a beta of 2.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49.

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

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total value of $271,040,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian Maxwell sold 1,474 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the transaction, the chief operating officer now directly owns 1,039,646 shares in the company, valued at approximately $36,387,610. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 over the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently added to or reduced their stakes in BROS. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros during the 4th quarter valued at about $40,000. Avior Wealth Management LLC grew its position in Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after acquiring an additional 1,208 shares during the last quarter. Allworth Financial LP raised its stake in shares of Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after acquiring an additional 471 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after acquiring an additional 590 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Dutch Bros by 661.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the company’s stock valued at $81,000 after purchasing an additional 2,217 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.