Dutch Bros (NYSE:BROS) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $80.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. TD Securities increased their target price on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $76.50.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $68.78 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $67.75 and its 200-day moving average price is $52.30. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a market cap of $10.61 billion, a PE ratio of 202.29, a PEG ratio of 4.23 and a beta of 2.65.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 471,718 shares of the company’s stock in a transaction that occurred 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 owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 16.95 % 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 over the last three months. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the stock. FIL Ltd purchased a new position in Dutch Bros during the fourth quarter valued at $176,298,000. FMR LLC boosted its holdings in shares of Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros during the fourth quarter valued at about $94,478,000. Finally, Wellington Management Group LLP increased its holdings in shares of Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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.