Equitable Trust Co. Buys New Position in Dutch Bros Inc. (NYSE:BROS)

Equitable Trust Co. bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,649 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Dutch Bros during the third quarter valued at about $573,000. Baillie Gifford & Co. bought a new position in shares of Dutch Bros during the 3rd quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. grew its stake in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dutch Bros by 38.0% in the 3rd 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 purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $288,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Down 3.9 %

Shares of NYSE BROS opened at $63.96 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a one year low of $26.32 and a one year high of $68.47. The business has a 50-day moving average price of $57.54 and a two-hundred day moving average price of $44.11. The firm has a market capitalization of $9.86 billion, a PE ratio of 220.57, a PEG ratio of 3.88 and a beta of 2.73.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $60.09.

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.