Dutch Bros (NYSE:BROS) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research note published on Monday, Marketbeat Ratings reports. The firm currently has a $90.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley began coverage on Dutch Bros in a research report on Monday, March 24th. They set an “overweight” rating and a $82.00 target price on the stock. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Jefferies Financial Group raised their price objective 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. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $78.36.

Dutch Bros Stock Down 1.0 %

Shares of NYSE:BROS opened at $61.92 on Monday. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 182.11, a PEG ratio of 4.23 and a beta of 2.65. Dutch Bros has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm’s 50-day simple moving average is $67.93 and its 200-day simple moving average is $53.08. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last 90 days. Insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors have recently made changes to their positions in the stock. FIL Ltd acquired a new position in Dutch Bros in the fourth quarter valued at $176,298,000. FMR LLC raised its holdings in shares of 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. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros in the 4th quarter valued at about $94,478,000. Wellington Management Group LLP grew its holdings in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock worth $53,878,000 after purchasing an additional 782,164 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.