Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Dutch Bros (NYSE:BROS) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $82.00 price target on the stock.

Several other research firms have also recently issued reports on BROS. Robert W. Baird lifted their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group increased their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and a consensus target price of $76.23.

Dutch Bros Stock Up 7.7 %

Shares of NYSE BROS opened at $70.48 on Monday. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 207.30, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company’s 50-day simple moving average is $67.34 and its 200-day simple moving average is $51.92. 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 52-week low of $26.85 and a 52-week high of $86.88.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value 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. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of the company. CWC Advisors LLC. acquired a new position in Dutch Bros during the 4th quarter worth about $307,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Dutch Bros during the fourth quarter worth about $267,000. Copia Wealth Management acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $73,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Dutch Bros in the fourth quarter valued at approximately $5,700,000. Finally, Jefferies Financial Group Inc. acquired a new position 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 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.