Dutch Bros (NYSE:BROS) Price Target Raised to $72.00

Dutch Bros (NYSE:BROS) had its target price upped by Guggenheim from $54.00 to $72.00 in a research note released on Monday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

BROS has been the subject of a number of other research reports. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday. Wells Fargo & Company initiated coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Piper Sandler increased their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $78.36.

Dutch Bros Trading Up 2.2 %

Shares of Dutch Bros stock opened at $62.73 on Monday. The stock has a market cap of $9.67 billion, a P/E ratio of 184.51, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. The business’s 50 day moving average is $68.01 and its 200-day moving average is $53.34.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last quarter. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth $573,000. Charles Schwab Investment Management Inc. grew its position in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after acquiring an additional 181,636 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dutch Bros during the fourth quarter worth about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $288,000. 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.