Robert W. Baird Has Lowered Expectations for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target dropped by investment analysts at Robert W. Baird from $80.00 to $66.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 25.54% from the company’s previous close.

A number of other analysts have also issued reports on the stock. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 target price for the company. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley initiated coverage on shares of Dutch Bros in a research note on Monday, March 24th. They issued an “overweight” rating and a $82.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.29.

Dutch Bros Stock Down 1.0 %

Shares of Dutch Bros stock opened at $52.57 on Monday. Dutch Bros has a 1 year low of $26.85 and a 1 year high of $86.88. The company has a market cap of $8.11 billion, a P/E ratio of 154.63, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $67.30 and a 200 day moving average price of $53.99.

Insider Activity

In related news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction on 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 completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now 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 have sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in BROS. R Squared Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Dutch Bros during the first quarter worth $31,000. Fortitude Family Office LLC bought a new position in Dutch Bros during the fourth quarter worth $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the 4th quarter valued at $43,000. 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.