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

by · The Cerbat Gem

Dutch Bros (NYSE:BROS – Get Free Report) had its price objective lifted by investment analysts at Mizuho from $70.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 30.33% from the stock’s previous close.

Several other brokerages also recently issued reports on BROS. The Goldman Sachs Group cut their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Guggenheim raised their target price on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Morgan Stanley set a $84.00 price target on shares of Dutch Bros in a report on Thursday, November 6th. Bank of America upped their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Zacks Research downgraded shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average target price of $76.67.

Get Our Latest Report on BROS

Dutch Bros Stock Performance

Dutch Bros stock opened at $61.38 on Thursday. The company has a market cap of $10.10 billion, a PE ratio of 122.77, a P/E/G ratio of 3.04 and a beta of 2.55. The company has a fifty day moving average price of $54.55 and a two-hundred day moving average price of $62.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. Dutch Bros has a 12 month low of $47.16 and a 12 month high of $86.88.

Dutch Bros (NYSE:BROS – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping 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 company had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. Research analysts expect that Dutch Bros will post 0.57 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the sale, the insider directly owned 9,817 shares in the company, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the transaction, the chairman owned 9,817 shares of the company’s stock, valued at $544,254.48. This represents a 99.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,465,214 shares of company stock worth $189,800,291 over the last three months. Corporate insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ninety One UK Ltd acquired a new stake in Dutch Bros in the third quarter worth approximately $135,336,000. Marshall Wace LLP increased its position in shares of Dutch Bros by 139.2% during the 2nd 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 during the period. Norges Bank bought a new stake in shares of Dutch Bros in the 2nd quarter worth $93,525,000. Balyasny Asset Management L.P. lifted its holdings in shares of Dutch Bros by 196.0% in the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock valued at $95,112,000 after buying an additional 1,203,338 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after buying an additional 1,076,045 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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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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