Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $34.44

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.44.

A number of brokerages recently issued reports on BROS. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. TD Cowen reiterated a “hold” rating and issued a $33.00 price target on shares of Dutch Bros in a report on Wednesday, April 10th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $37.00 in a report on Monday, March 4th. Guggenheim restated a “neutral” rating and set a $30.00 target price on shares of Dutch Bros in a report on Friday, April 5th. Finally, Barclays lowered their target price on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the sale, the chairman now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction that occurred 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 sale, 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 in the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Trading of Dutch Bros

Several large investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC grew its position in Dutch Bros by 61.4% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after purchasing an additional 415 shares during the last quarter. Allworth Financial LP lifted its stake in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after acquiring an additional 590 shares during the period. Wealth Management Partners LLC lifted its stake in Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock valued at $620,000 after acquiring an additional 756 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in Dutch Bros by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 19,654 shares of the company’s stock valued at $457,000 after acquiring an additional 995 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.3 %

BROS opened at $28.91 on Tuesday. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 963.67, a P/E/G ratio of 4.47 and a beta of 2.41. The stock’s 50 day moving average price is $31.20 and its 200-day moving average price is $28.97. Dutch Bros has a one year low of $22.67 and a one year high of $36.17. 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 announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. On average, equities analysts forecast that Dutch Bros will post 0.26 EPS for the current year.

About Dutch Bros

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.