Dutch Bros (NYSE:BROS) Price Target Raised to $80.00

Dutch Bros (NYSE:BROS) had its target price hoisted by Mizuho from $70.00 to $80.00 in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus lowered their target price on Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada boosted their price target on Dutch Bros from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. Guggenheim raised their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Barclays lifted their target price on shares of Dutch Bros from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company decreased their price target on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.67.

Dutch Bros Trading Down 3.9%

Shares of Dutch Bros stock opened at $58.50 on Thursday. The firm has a market capitalization of $9.62 billion, a PE ratio of 117.00, a price-to-earnings-growth ratio of 3.01 and a beta of 2.55. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $54.81 and its 200 day moving average is $61.88. Dutch Bros has a 1 year low of $47.16 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. Equities research analysts forecast that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the insider directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This trade represents a 98.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the sale, the chairman owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 99.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,465,214 shares of company stock worth $189,800,291. Insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in the business. Ninety One UK Ltd bought a new stake in shares of Dutch Bros in the 3rd quarter valued at $135,336,000. Marshall Wace LLP increased its stake in Dutch Bros by 139.2% in the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after purchasing an additional 1,460,376 shares in the last quarter. Norges Bank acquired a new position in shares of Dutch Bros during the second quarter valued at about $93,525,000. Balyasny Asset Management L.P. boosted its position in shares of Dutch Bros by 196.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after purchasing an additional 1,203,338 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Dutch Bros by 1,572.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock worth $70,661,000 after purchasing an additional 1,076,045 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

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.