Dutch Bros’ (BROS) Outperform Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research note published on Tuesday morning,RTT News reports.

Several other analysts have also issued reports on the company. UBS Group increased their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen lifted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.27.

Dutch Bros Stock Up 2.0 %

Dutch Bros stock opened at $52.32 on Tuesday. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $56.10. The company’s 50-day moving average price is $44.51 and its two-hundred day moving average price is $38.88. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.07 billion, a P/E ratio of 180.42, a P/E/G ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, analysts expect that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 39.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 in the last three months. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently added to or reduced their stakes in BROS. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter valued at about $573,000. Baillie Gifford & Co. bought a new position in Dutch Bros in the third quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. grew its stake in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after acquiring an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after acquiring an additional 58,623 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Dutch Bros during the third quarter worth $1,786,000. 85.54% of the stock is currently owned by 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.