Dutch Bros’ (BROS) “Buy” Rating Reaffirmed at TD Securities

Dutch Bros (NYSE:BROS)‘s stock had its “buy” rating reaffirmed by research analysts at TD Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $89.00 target price on the stock. TD Securities’ price objective suggests a potential upside of 42.43% from the company’s previous close.

Several other research firms have also recently issued reports on BROS. Morgan Stanley assumed coverage on Dutch Bros in a research report on Monday, March 24th. They issued an “overweight” rating and a $82.00 price objective on the stock. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a report on Wednesday. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros has an average rating of “Buy” and an average target price of $76.50.

Dutch Bros Stock Down 3.9 %

Shares of Dutch Bros stock opened at $62.49 on Friday. The company has a 50-day simple moving average of $67.89 and a two-hundred day simple moving average of $52.74. The stock has a market capitalization of $9.64 billion, a PE ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd bought a new position in shares of Dutch Bros in the fourth quarter worth about $176,298,000. FMR LLC boosted its stake in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after purchasing an additional 3,227,435 shares during the period. Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares during the period. Raymond James Financial Inc. purchased a new stake in Dutch Bros during the 4th quarter valued at approximately $94,478,000. Finally, Wellington Management Group LLP raised its position in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

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.