Dutch Bros (NYSE:BROS) Price Target Lowered to $63.00 at Piper Sandler

Dutch Bros (NYSE:BROS) had its price objective cut by stock analysts at Piper Sandler from $73.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 15.36% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company decreased their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. UBS Group restated a “buy” rating and set a $85.00 price objective on shares of Dutch Bros in a research note on Tuesday, October 28th. Bank of America increased their price objective on Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Zacks Research raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley set a $84.00 price objective on Dutch Bros in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has an average rating of “Buy” and an average price target of $76.72.

Dutch Bros Stock Down 1.7%

Shares of BROS traded down $0.95 during trading hours on Thursday, hitting $54.61. The company had a trading volume of 4,127,983 shares, compared to its average volume of 3,414,924. Dutch Bros has a 52-week low of $43.50 and a 52-week high of $86.88. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 116.30, a P/E/G ratio of 2.72 and a beta of 2.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The firm has a fifty day moving average price of $58.10 and a 200-day moving average price of $63.13.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Dutch Bros has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the transaction, the insider directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Company insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the second quarter valued at $27,000. Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the first quarter valued at about $31,000. Kiker Wealth Management LLC boosted its stake in Dutch Bros by 4,423.1% in the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 575 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in Dutch Bros in the first quarter valued at about $38,000. 85.54% of the stock is 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.