Dutch Bros (NYSE:BROS) Given New $76.00 Price Target at Barclays

Dutch Bros (NYSE:BROS) had its target price lowered by Barclays from $94.00 to $76.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

BROS has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price 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. Robert W. Baird decreased their target price on shares of Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, UBS Group upped their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.57.

Dutch Bros Stock Up 2.7 %

Shares of NYSE:BROS opened at $58.55 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $9.03 billion, a P/E ratio of 172.21, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The stock’s fifty day simple moving average is $65.48 and its 200-day simple moving average is $55.80.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the sale, the chairman now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the stock. FIL Ltd acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $176,298,000. FMR LLC boosted its stake in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the period. Raymond James Financial Inc. acquired a new stake in Dutch Bros during the 4th quarter valued at $94,478,000. Concurrent Investment Advisors LLC increased its stake 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 buying an additional 782,164 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after buying an additional 627,875 shares in the last quarter. 85.54% of the stock is currently 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.