Dutch Bros (NYSE:BROS) Given New $64.00 Price Target at Citigroup

Dutch Bros (NYSE:BROS – Get Free Report) had its price objective decreased by research analysts at Citigroup from $69.00 to $64.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price target would indicate a potential upside of 89.29% from the company’s current price.

A number of other research analysts have also recently weighed in on BROS. Stephens reduced their price target on shares of Dutch Bros from $65.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday. Telsey Advisory Group dropped their price objective on shares of Dutch Bros from $74.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings lowered shares of Dutch Bros from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. BNP Paribas Exane cut their target price on shares of Dutch Bros from $77.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Mizuho set a $55.00 price target on shares of Dutch Bros in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.62.

View Our Latest Research Report on Dutch Bros

Dutch Bros Trading Down 2.2%

Shares of Dutch Bros stock traded down $0.76 during trading hours on Friday, reaching $33.81. The stock had a trading volume of 6,817,761 shares, compared to its average volume of 4,390,537. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 1.37 and a beta of 1.97. Dutch Bros has a 1 year low of $33.17 and a 1 year high of $74.02. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $41.78 and a two-hundred day simple moving average of $53.02.

Dutch Bros (NYSE:BROS – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a return on equity of 10.68% and a net margin of 5.08%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, equities research analysts anticipate that Dutch Bros will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 1,032,216 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the completion of the transaction, the chairman directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 43.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $16,070,773.32. Following the sale, the insider owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,044,220 shares of company stock worth $179,732,644 in the last quarter. 38.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of BROS. Hyperion Asset Management Ltd acquired a new position in Dutch Bros in the second quarter worth $42,946,000. Empowered Funds LLC bought a new stake in Dutch Bros during the first quarter valued at $1,309,000. Independent Financial Group LLC acquired a new stake in shares of Dutch Bros during the first quarter worth $1,164,000. California State Teachers Retirement System raised its holdings in shares of Dutch Bros by 19.2% during the first quarter. California State Teachers Retirement System now owns 147,011 shares of the company’s stock worth $7,448,000 after purchasing an additional 23,679 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Dutch Bros during the first quarter worth $2,112,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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