Dutch Bros’ (BROS) Buy Rating Reiterated at TD Securities

TD Securities restated their buy rating on shares of Dutch Bros (NYSE:BROS) in a report issued on Friday,Benzinga reports. The brokerage currently has a $89.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on BROS. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wedbush upped 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. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird lifted their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.50.

Dutch Bros Stock Performance

Shares of BROS stock opened at $62.49 on Friday. The company’s fifty day moving average price is $67.89 and its 200-day moving average price is $52.88. The stock has a market cap of $9.64 billion, a PE ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 12 month low of $26.85 and a 12 month high of $86.88.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction 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 sale, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Dutch Bros in the 3rd quarter worth approximately $573,000. Charles Schwab Investment Management Inc. increased its position in Dutch Bros by 35.9% in the third 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. Raymond James Financial Inc. bought a new stake in Dutch Bros in the fourth quarter worth $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after purchasing an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in Dutch Bros during the fourth quarter valued at $288,000. 85.54% of the stock is owned by institutional investors.

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.