Ferguson Wellman Capital Management Inc. Makes New $304,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Ferguson Wellman Capital Management Inc. acquired a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,800 shares of the company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. raised its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the 3rd quarter worth about $36,000. Finally, nVerses Capital LLC acquired a new position in Dutch Bros in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS stock opened at $66.56 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The business has a 50 day simple moving average of $57.35 and a 200-day simple moving average of $43.92. The firm has a market capitalization of $10.26 billion, a PE ratio of 229.51, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. Dutch Bros Inc. has a 1 year low of $26.32 and a 1 year high of $68.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $60.00 to $70.00 in a report on Monday, January 6th. Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stifel Nicolaus upped their price target on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $60.09.

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.