Dutch Bros (NYSE:BROS) Given “Buy” Rating at TD Securities

Dutch Bros (NYSE:BROS)‘s stock had its “buy” rating restated by research analysts at TD Securities in a report issued on Friday,Benzinga reports. They currently have a $89.00 price target on the stock. TD Securities’ target price would suggest a potential upside of 37.30% from the company’s current price.

Several other equities research analysts have also issued reports on BROS. Morgan Stanley initiated coverage on Dutch Bros in a report on Monday. They set an “overweight” rating and a $82.00 price target for the company. Piper Sandler raised their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Wedbush boosted their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One equities 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. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $76.50.

Dutch Bros Price Performance

BROS opened at $64.82 on Friday. The stock has a fifty day moving average price of $67.84 and a 200 day moving average price of $52.39. 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 1 year low of $26.85 and a 1 year high of $86.88. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 190.66, a PEG ratio of 4.23 and a beta of 2.65.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value 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 $225,674,752.68. This represents a 20.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % 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 in the last 90 days. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 purchasing an additional 140 shares in the last quarter. Amalgamated Bank lifted its position in Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares during the period. Arizona State Retirement System boosted its stake in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after buying an additional 260 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after buying an additional 310 shares during the period. Finally, Level Four Advisory Services LLC increased its holdings in Dutch Bros by 6.1% in the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after buying an additional 392 shares during the period. 85.54% of the stock is currently 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.