Dutch Bros (NYSE:BROS) Given New $80.00 Price Target at JPMorgan Chase & Co.

Dutch Bros (NYSE:BROS) had its price target upped by research analysts at JPMorgan Chase & Co. from $58.00 to $80.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 2.34% from the company’s current price.

BROS has been the topic of several other reports. Wedbush upped their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Bank of America increased their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Trading Up 26.6 %

Shares of NYSE:BROS traded up $17.21 during midday trading on Thursday, reaching $81.92. 6,326,678 shares of the company’s stock were exchanged, compared to its average volume of 2,640,854. The firm’s 50 day simple moving average is $57.76 and its two-hundred day simple moving average is $44.25. Dutch Bros has a fifty-two week low of $26.32 and a fifty-two week high of $86.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 282.49, a P/E/G ratio of 3.88 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank increased its holdings in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after acquiring an additional 220 shares in the last quarter. Arizona State Retirement System increased its position in shares of 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 acquiring an additional 260 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after purchasing an additional 392 shares in the last quarter. Finally, Creative Planning increased its holdings in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

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.