Dutch Bros (NYSE:BROS) Price Target Raised to $89.00 at TD Securities

Dutch Bros (NYSE:BROS) had its price objective boosted by TD Securities from $65.00 to $89.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on BROS. Robert W. Baird upped their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, 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 note on Thursday, December 19th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Stock Up 29.4 %

BROS stock opened at $83.75 on Thursday. Dutch Bros has a twelve month low of $26.32 and a twelve month high of $86.42. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 288.81, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $57.76 and a two-hundred day moving average price of $44.25.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank grew its position in shares of Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System grew its position in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after buying an additional 260 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Dutch Bros by 0.6% during 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 acquiring an additional 310 shares during the period. Hollencrest Capital Management raised its holdings 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 acquiring an additional 314 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in shares of Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after acquiring an additional 392 shares during the period. 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.