Wells Fargo & Company Begins Coverage on Dutch Bros (NYSE:BROS)

Equities researchers at Wells Fargo & Company started coverage on shares of Dutch Bros (NYSE:BROS) in a report issued on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $80.00 price target on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 23.42% from the stock’s current price.

A number of other research analysts have also weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group increased 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. Piper Sandler boosted their price objective 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. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $76.50.

Dutch Bros Price Performance

Shares of BROS opened at $64.82 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $67.84 and its two-hundred day moving average is $52.39. Dutch Bros has a twelve month low of $26.85 and a twelve month high of $86.88. The firm has a market capitalization of $10.00 billion, a PE ratio of 190.66, a P/E/G ratio of 4.23 and a beta of 2.65.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, the insider now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of Dutch Bros by 18.1% in the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock valued at $753,000 after purchasing an additional 3,605 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Dutch Bros by 35.9% in the 3rd 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 grew its holdings in Dutch Bros by 21.2% in the 3rd quarter. Algert Global LLC now owns 31,602 shares of the company’s stock valued at $1,012,000 after buying an additional 5,520 shares during the period. Independent Advisor Alliance grew its holdings in 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 buying an additional 501 shares during the period. Finally, Qsemble Capital Management LP increased its stake in shares of Dutch Bros by 306.5% during the 3rd quarter. Qsemble Capital Management LP now owns 33,019 shares of the company’s stock valued at $1,058,000 after acquiring an additional 24,897 shares during the last quarter. 85.54% of the stock is currently 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.