Dutch Bros Inc. (NYSE:BROS) Receives $75.75 Average PT from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus recommendation of “Buy” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.75.

A number of analysts have commented on the company. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Stifel Nicolaus upped their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Wedbush increased their target price on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 471,718 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last quarter. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CWC Advisors LLC. purchased a new stake in Dutch Bros during the 4th quarter valued at about $307,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Dutch Bros during the fourth quarter valued at approximately $267,000. Copia Wealth Management acquired a new position in shares of Dutch Bros during the fourth quarter valued at approximately $73,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dutch Bros during the fourth quarter valued at approximately $5,700,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $2,585,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Up 1.9 %

Dutch Bros stock opened at $63.11 on Friday. The stock has a market cap of $9.73 billion, a PE ratio of 185.62, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. The stock has a fifty day moving average of $66.49 and a 200 day moving average of $50.91.

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.