Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Dutch Bros (NYSE:BROS) had its price target increased by equities research analysts at Stifel Nicolaus from $74.00 to $85.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 11.23% from the company’s previous close.

BROS has been the subject of several other research reports. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Jefferies Financial Group upped their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Robert W. Baird raised their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Price Performance

Dutch Bros stock opened at $76.42 on Friday. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 224.76, a PEG ratio of 4.23 and a beta of 2.73. 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 business has a 50-day simple moving average of $63.14 and a 200 day simple moving average of $47.31. Dutch Bros has a 52 week low of $26.85 and a 52 week high of $86.88.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’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 $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently bought and sold shares of the stock. Gould Capital LLC grew its holdings in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after acquiring an additional 140 shares during the period. Amalgamated Bank boosted its position in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System grew its stake in Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina raised its holdings in Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after purchasing an additional 310 shares in the last quarter. Finally, Hollencrest Capital Management lifted its position in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the period. 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.