Robert W. Baird Lowers Dutch Bros (NYSE:BROS) Price Target to $37.00

Dutch Bros (NYSE:BROS) had its price objective reduced by Robert W. Baird from $42.00 to $37.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 25.47% from the stock’s current price.

Several other analysts have also recently issued reports on the company. TD Cowen increased their target price on Dutch Bros from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Guggenheim increased their price objective on Dutch Bros from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Wedbush increased their price objective on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Finally, Bank of America increased their price objective on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $38.82.

Dutch Bros Trading Down 2.4 %

NYSE:BROS traded down $0.73 during midday trading on Thursday, hitting $29.49. The stock had a trading volume of 6,803,916 shares, compared to its average volume of 2,676,672. Dutch Bros has a one year low of $22.67 and a one year high of $43.49. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53. The stock has a 50-day moving average of $39.01 and a 200 day moving average of $33.79. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Dutch Bros will post 0.3 EPS for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 264,798 shares of Dutch Bros stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total value of $9,585,687.60. Following the sale, the chairman now directly owns 634,543 shares in the company, valued at approximately $22,970,456.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the transaction, the insider now directly owns 634,543 shares in the company, valued at approximately $22,856,238.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 264,798 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total value of $9,585,687.60. Following the transaction, the chairman now owns 634,543 shares in the company, valued at $22,970,456.60. The disclosure for this sale can be found here. Insiders have sold 1,228,068 shares of company stock worth $44,765,154 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after buying an additional 471 shares during the period. Keudell Morrison Wealth Management raised its position in Dutch Bros by 5.2% in the second quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after purchasing an additional 524 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros in the second quarter valued at approximately $27,000. Wealth Management Partners LLC raised its position in Dutch Bros by 4.2% in the first quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock valued at $620,000 after purchasing an additional 756 shares during the period. Finally, Quest Partners LLC raised its position in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.