Robert W. Baird Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective hoisted by equities research analysts at Robert W. Baird from $66.00 to $72.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 13.49% from the stock’s previous close.

A number of other research firms have also recently weighed in on BROS. Morgan Stanley set a $80.00 price target on Dutch Bros and gave the company an “overweight” rating in a research note on Monday, April 14th. Stifel Nicolaus boosted their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Barclays lowered their price target on Dutch Bros from $94.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. TD Securities restated a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a research report on Thursday. Finally, Piper Sandler increased their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $75.21.

Dutch Bros Price Performance

BROS stock opened at $63.44 on Thursday. The business’s 50-day moving average is $61.01 and its two-hundred day moving average is $58.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a market capitalization of $9.78 billion, a P/E ratio of 186.59, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. Analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros during the third quarter worth $50,000. Watts Gwilliam & Co. LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth $304,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at about $41,000. Harbor Capital Advisors Inc. boosted its holdings in Dutch Bros by 6.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after buying an additional 1,661 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in Dutch Bros during the fourth quarter worth about $243,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.