Dutch Bros (NYSE:BROS) Sets New 1-Year High on Analyst Upgrade

Dutch Bros Inc. (NYSE:BROS)’s share price reached a new 52-week high during trading on Thursday after UBS Group raised their price target on the stock from $67.00 to $90.00. UBS Group currently has a buy rating on the stock. Dutch Bros traded as high as $82.47 and last traded at $82.69, with a volume of 145733 shares changing hands. The stock had previously closed at $64.71.

BROS has been the topic of a number of other reports. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. TD Securities raised their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.42.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. purchased a new stake in Dutch Bros in the 3rd quarter worth about $224,461,000. Wasatch Advisors LP increased its holdings in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter worth approximately $94,478,000. Wellington Management Group LLP boosted its holdings in shares of Dutch Bros by 135.7% during the third 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 boosted its holdings in shares of Dutch Bros by 317.4% during the fourth 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 during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $12.75 billion, a PE ratio of 285.13, a P/E/G ratio of 3.88 and a beta of 2.73. The stock’s 50-day moving average is $57.76 and its 200 day moving average is $44.25.

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.