Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley initiated coverage on shares of Dutch Bros (NYSE:BROS) in a note issued to investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $82.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 17.46% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Jefferies Financial Group boosted their price objective 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. UBS Group boosted their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wedbush lifted their target price on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and a consensus target price of $76.23.

Dutch Bros Price Performance

Shares of BROS opened at $69.81 on Monday. The stock has a market cap of $10.76 billion, a P/E ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros has a 1 year low of $26.85 and a 1 year high of $86.88. The stock’s 50-day moving average price is $67.55 and its two-hundred day moving average price is $52.19. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BROS. Victory Capital Management Inc. raised its stake in shares of Dutch Bros by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock worth $753,000 after purchasing an additional 3,605 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after buying an additional 181,636 shares during the last quarter. Algert Global LLC raised its position in Dutch Bros by 21.2% during the third quarter. Algert Global LLC now owns 31,602 shares of the company’s stock worth $1,012,000 after acquiring an additional 5,520 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Dutch Bros in the third quarter valued at $1,786,000. Finally, Independent Advisor Alliance grew its position in shares of Dutch Bros by 2.9% in the 3rd quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock valued at $579,000 after acquiring an additional 501 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

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.