TD Securities Boosts Dutch Bros (NYSE:BROS) Price Target to $89.00

Dutch Bros (NYSE:BROS) had its price target increased by research analysts at TD Securities from $65.00 to $89.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 37.41% from the stock’s current price.

Several other analysts have also recently commented on BROS. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $68.33.

Dutch Bros Trading Up 0.9 %

Shares of NYSE BROS opened at $64.77 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a one year low of $26.32 and a one year high of $68.47. The business has a 50-day moving average price of $57.76 and a two-hundred day moving average price of $44.25. The firm has a market capitalization of $9.99 billion, a PE ratio of 223.35, a PEG ratio of 3.88 and a beta of 2.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank boosted its position in Dutch Bros by 3.6% during 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 increased its position 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 acquiring an additional 260 shares during the period. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after purchasing an additional 392 shares during the period. Finally, Creative Planning lifted its stake in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after buying an additional 405 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.