Dutch Bros (NYSE:BROS) Price Target Cut to $47.00

Dutch Bros (NYSE:BROS) had its price objective reduced by TD Cowen from $50.00 to $47.00 in a research report sent to investors on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on BROS. Bank of America raised their price objective on Dutch Bros from $44.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $40.00 to $44.00 and gave the company an overweight rating in a research report on Monday, June 3rd. Barclays lifted their target price on Dutch Bros from $30.00 to $35.00 and gave the company an equal weight rating in a research report on Wednesday, May 8th. Wedbush lifted their target price on Dutch Bros from $39.00 to $45.00 and gave the company an outperform rating in a research report on Thursday, May 16th. Finally, Guggenheim lifted their target price on Dutch Bros from $30.00 to $36.00 and gave the company a neutral rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has an average rating of Moderate Buy and an average target price of $38.82.

Dutch Bros Stock Down 2.4 %

Dutch Bros stock traded down $0.73 during mid-day trading on Thursday, reaching $29.49. The stock had a trading volume of 6,775,500 shares, compared to its average volume of 2,676,672. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The stock’s 50-day simple moving average is $39.01 and its 200-day simple moving average is $33.75. The firm has a market capitalization of $5.23 billion, a PE ratio of 163.83, a price-to-earnings-growth ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter last year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dutch Bros will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of Dutch Bros stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the sale, the insider now directly owns 650,995 shares in the company, valued at $23,605,078.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total value of $3,890,951.82. Following the sale, the insider now directly owns 650,995 shares in the company, valued at $23,605,078.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.85, for a total value of $6,138,988.90. Following the completion of the sale, the insider now owns 1,616,308 shares in the company, valued at $59,560,949.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,228,068 shares of company stock worth $44,765,154. 46.50% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. Vanguard Group Inc. raised its stake in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at $57,435,000. Wasatch Advisors LP bought a new stake in shares of Dutch Bros during the 1st quarter valued at $41,988,000. Concurrent Investment Advisors LLC raised its stake in shares of Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Joho Capital LLC raised its stake in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the period. 85.54% of the stock is currently owned by institutional investors.

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.