Dutch Bros Inc. (NYSE:BROS) Receives $74.83 Average Price Target from Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $74.83.

Several research firms recently weighed in on BROS. Bank of America boosted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group lifted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Jefferies Financial Group increased their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus boosted their price objective on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Gould Capital LLC raised its stake in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after acquiring an additional 140 shares during the period. Amalgamated Bank raised its position in shares of Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares during the period. Arizona State Retirement System raised its position in shares of Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after buying an additional 310 shares during the period. Finally, Hollencrest Capital Management grew its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $76.09 on Monday. Dutch Bros has a 1 year low of $26.38 and a 1 year high of $86.88. 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 company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 223.79, a P/E/G ratio of 4.70 and a beta of 2.73. The firm’s fifty day moving average price is $61.83 and its two-hundred day moving average price is $46.37.

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.