TD Cowen Upgrades Dutch Bros (NYSE:BROS) to “Buy”

Dutch Bros (NYSE:BROSGet Free Report) was upgraded by research analysts at TD Cowen from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat.com reports. The firm presently has a $46.00 price target on the stock, up from their prior price target of $33.00. TD Cowen’s price target points to a potential upside of 27.67% from the stock’s current price.

Several other research firms have also recently issued reports on BROS. Wedbush increased their price target on Dutch Bros from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, Barclays increased their price objective on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.67.

View Our Latest Research Report on BROS

Dutch Bros Price Performance

Shares of NYSE BROS opened at $36.03 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.25. The business has a 50 day simple moving average of $31.48 and a 200-day simple moving average of $29.31. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 200.17, a price-to-earnings-growth ratio of 4.36 and a beta of 2.43.

Dutch Bros (NYSE:BROSGet Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. As a group, equities research analysts expect that Dutch Bros will post 0.27 earnings per share for the current year.

Insider Activity

In related news, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the transaction, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the transaction, the chief operating officer now directly owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the sale, the insider now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Insiders sold a total of 17,907,188 shares of company stock worth $561,438,392 in the last three months. 46.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in shares of Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position 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 worth $79,000 after acquiring an additional 590 shares during the last quarter. Wealth Management Partners LLC boosted its holdings in Dutch Bros by 4.2% during the first 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. Kestra Private Wealth Services LLC grew its position in shares of Dutch Bros by 5.3% in the third quarter. Kestra Private Wealth Services LLC now owns 19,654 shares of the company’s stock valued at $457,000 after purchasing an additional 995 shares during the last quarter. Finally, Bullseye Asset Management LLC increased its stake in shares of Dutch Bros by 20.0% in the fourth quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock worth $190,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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