Dutch Bros Inc. (NYSE:BROS) Receives Consensus Recommendation of “Buy” from Analysts

Dutch Bros Inc. (NYSE:BROS) has earned a consensus rating of “Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $76.57.

Several brokerages have recently weighed in on BROS. Barclays reduced their price target on Dutch Bros from $94.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler upped their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, Morgan Stanley set a $80.00 price target on Dutch Bros and gave the stock an “overweight” rating in a report on Monday, April 14th.

Dutch Bros Stock Up 2.0 %

Shares of NYSE:BROS opened at $61.13 on Friday. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The firm has a market capitalization of $9.43 billion, a P/E ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71. The stock has a 50 day moving average price of $62.46 and a 200-day moving average price of $57.23. 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 news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the 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 $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % 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 link. Also, Chairman Travis Boersma sold 679,996 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 value of $50,843,300.92. Following the completion of the transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Company insiders own 42.40% of the company’s stock.

Institutional Trading of Dutch Bros

Several hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new position in Dutch Bros during the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC increased its holdings in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros in the first quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros during the first quarter worth approximately $31,000. Finally, Fortitude Family Office LLC acquired a new stake in Dutch Bros in the 4th quarter valued at $41,000. 85.54% of the stock is owned by hedge funds and other 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.