Robert W. Baird Issues Pessimistic Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price objective lowered by equities research analysts at Robert W. Baird from $82.00 to $60.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 55.50% from the stock’s previous close.

Several other brokerages also recently issued reports on BROS. JPMorgan Chase & Co. lowered their price objective on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday. Seaport Research Partners assumed coverage on shares of Dutch Bros in a research note on Wednesday, September 16th. They issued a “buy” rating and a $50.00 target price for the company. Morgan Stanley raised their price target on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Raymond James Financial set a $59.00 price target on shares of Dutch Bros in a research note on Friday, September 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $71.88.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $38.59 on Friday. Dutch Bros has a 1-year low of $37.40 and a 1-year high of $74.02. The business has a 50-day moving average of $49.28 and a 200-day moving average of $55.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 53.59, a PEG ratio of 1.36 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. On average, equities analysts anticipate that Dutch Bros will post 0.88 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Director Todd Penegor bought 2,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $51.56 per share, with a total value of $103,120.00. Following the transaction, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. This trade represents a 37.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 38.90% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP acquired a new stake in Dutch Bros in the fourth quarter valued at $108,948,000. Norges Bank bought a new position in Dutch Bros during the 4th quarter valued at $96,951,000. Interval Partners LP acquired a new position in Dutch Bros during the 4th quarter worth $57,276,000. Wellington Management Group LLP grew its holdings in Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after acquiring an additional 851,075 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Dutch Bros in the 1st quarter worth about $33,569,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.