Dutch Bros (NYSE:BROS) Price Target Raised to $72.00

Dutch Bros (NYSE:BROS) had its target price boosted by Guggenheim from $54.00 to $72.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

BROS has been the subject of several other reports. Stifel Nicolaus lifted their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 28th. TD Securities reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Dutch Bros in a research note on Friday. Morgan Stanley assumed coverage on Dutch Bros in a report on Monday, March 24th. They set an “overweight” rating and a $82.00 target price on the stock. UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company started coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average price target of $78.36.

Dutch Bros Stock Performance

BROS stock opened at $61.92 on Monday. The firm has a 50 day simple moving average of $67.93 and a 200 day simple moving average of $53.08. 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 52 week low of $26.85 and a 52 week high of $86.88. The stock has a market cap of $9.55 billion, a P/E ratio of 182.11, a P/E/G ratio of 4.23 and a beta of 2.65.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

Several institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Dutch Bros during the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC lifted its holdings in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Dutch Bros in the fourth quarter valued at about $41,000. Bernard Wealth Management Corp. bought a new stake in Dutch Bros during the fourth quarter worth about $43,000. Finally, Gould Capital LLC increased its holdings in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.