Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price objective upped by Stifel Nicolaus from $62.00 to $74.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 9.60% from the stock’s current price.

Several other brokerages also recently weighed in on BROS. Bank of America boosted 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. Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Robert W. Baird boosted 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. TD Securities boosted their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Trading Down 2.0 %

NYSE:BROS opened at $81.85 on Thursday. The company has a market capitalization of $12.62 billion, a PE ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a 52-week low of $26.38 and a 52-week high of $86.42. The stock has a fifty day simple moving average of $58.89 and a 200-day simple moving average of $44.83.

Institutional Trading of Dutch Bros

A number of institutional investors have recently modified their holdings of the company. Amalgamated Bank grew its holdings in shares of Dutch Bros by 3.6% during the 4th 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 grew its holdings in shares of Dutch Bros by 0.8% during the 4th 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 grew its holdings in shares of Dutch Bros by 0.6% during the 4th 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 during the period. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Finally, Level Four Advisory Services LLC grew 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. Hedge funds and other institutional investors 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.