Dutch Bros (NYSE:BROS) Price Target Raised to $74.00

Dutch Bros (NYSE:BROS) had its price objective lifted by Stifel Nicolaus from $62.00 to $74.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

BROS has been the subject of a number of other research reports. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Wedbush lifted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $74.83.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $81.85 on Thursday. The company has a market cap of $12.62 billion, a P/E ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a 52 week low of $26.38 and a 52 week high of $86.42. The business has a fifty day simple moving average of $58.89 and a 200-day simple moving average of $44.87.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $25,000. Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after buying an additional 447 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the third quarter valued at about $36,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.