Stifel Nicolaus Lowers Dutch Bros (NYSE:BROS) Price Target to $75.00

Dutch Bros (NYSE:BROS) had its price objective lowered by equities researchers at Stifel Nicolaus from $82.00 to $75.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 34.94% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays decreased their price objective on Dutch Bros from $92.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Zacks Research raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on Dutch Bros from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $77.00.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $55.58 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. Dutch Bros has a twelve month low of $32.68 and a twelve month high of $86.88. The business has a 50-day moving average price of $59.09 and a 200 day moving average price of $63.19. The firm has a market cap of $9.14 billion, a PE ratio of 118.26, a P/E/G ratio of 2.74 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. Sell-side analysts predict that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BROS. GAMMA Investing LLC grew its position in Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after acquiring an additional 378 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Dutch Bros by 3.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,385 shares of the company’s stock worth $1,320,000 after acquiring an additional 678 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Dutch Bros in the first quarter worth approximately $235,000. KBC Group NV grew its position in Dutch Bros by 15.7% in the first quarter. KBC Group NV now owns 5,137 shares of the company’s stock worth $317,000 after acquiring an additional 697 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Dutch Bros in the first quarter worth approximately $1,144,000. 85.54% of the stock is currently owned by hedge funds and other 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.