Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $34.44

Shares of Dutch Bros Inc. (NYSE:BROS) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.44.

Several research firms recently weighed in on BROS. Barclays cut their price target on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. 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. 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. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Wedbush restated an “outperform” rating and set a $37.00 target price on shares of Dutch Bros in a report on Wednesday, April 10th.

Insider Transactions at Dutch Bros

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the transaction, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. Insiders sold a total of 17,907,188 shares of company stock valued at $561,438,392 in the last quarter. 46.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of the business. One Day In July LLC purchased a new position in Dutch Bros in the 1st quarter worth about $380,000. Newbridge Financial Services Group Inc. purchased a new position in Dutch Bros in the 1st quarter worth about $155,000. Cherry Creek Investment Advisors Inc. raised its position in Dutch Bros by 15.8% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 11,962 shares of the company’s stock worth $395,000 after buying an additional 1,632 shares during the last quarter. Fifth Third Bancorp raised its position in Dutch Bros by 30,690.2% in the 1st quarter. Fifth Third Bancorp now owns 12,624 shares of the company’s stock worth $417,000 after buying an additional 12,583 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new position in Dutch Bros in the 1st quarter worth about $1,461,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Up 1.3 %

Shares of NYSE BROS opened at $28.91 on Tuesday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 963.67, a PEG ratio of 4.47 and a beta of 2.41. The firm’s fifty day moving average is $31.20 and its 200 day moving average is $28.97. Dutch Bros has a 52 week low of $22.67 and a 52 week high of $36.17. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $254.12 million for the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. On average, equities research analysts expect that Dutch Bros will post 0.26 earnings per share for the current year.

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.