Piper Sandler Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target lifted by Piper Sandler from $51.00 to $70.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the company. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Robert W. Baird boosted their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Securities boosted their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Trading Up 29.4 %

Shares of NYSE BROS opened at $83.75 on Thursday. Dutch Bros has a fifty-two week low of $26.32 and a fifty-two week high of $86.42. The firm has a market capitalization of $12.91 billion, a P/E ratio of 288.81, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company’s 50 day simple moving average is $57.76 and its 200 day simple moving average is $44.25.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in BROS. Creative Planning boosted its stake in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. NBC Securities Inc. bought a new stake in shares of Dutch Bros in the third quarter valued at about $177,000. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Bfsg LLC grew its holdings in shares of Dutch Bros by 11.6% during the third quarter. Bfsg LLC now owns 30,840 shares of the company’s stock worth $988,000 after buying an additional 3,210 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Dutch Bros in the 3rd quarter valued at approximately $38,000. 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.