Dutch Bros (NYSE:BROS) Given “Buy” Rating at TD Securities

TD Securities reaffirmed their buy rating on shares of Dutch Bros (NYSE:BROS) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $89.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. UBS Group upped their price objective on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $76.50.

Dutch Bros Stock Performance

BROS stock opened at $62.49 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros has a 1-year low of $26.85 and a 1-year high of $86.88. The business has a 50-day moving average price of $67.89 and a 200 day moving average price of $52.60. The company has a market capitalization of $9.64 billion, a P/E ratio of 183.80, a PEG ratio of 4.23 and a beta of 2.65.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FIL Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $176,298,000. FMR LLC raised its position in Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the period. Raymond James Financial Inc. purchased a new stake in Dutch Bros in the 4th quarter worth approximately $94,478,000. Finally, Wellington Management Group LLP boosted its position in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.