Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley began coverage on shares of Dutch Bros (NYSE:BROS) in a report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $82.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 25.09% from the company’s current price.

BROS has been the subject of a number of other reports. Bank of America lifted their price objective 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. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Piper Sandler lifted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $76.23.

Dutch Bros Trading Up 0.1 %

NYSE:BROS opened at $65.55 on Monday. 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 has a market capitalization of $10.11 billion, a PE ratio of 192.81, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The firm’s 50 day moving average is $67.04 and its 200 day moving average is $51.65. Dutch Bros has a 12 month low of $26.85 and a 12 month high of $86.88.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the company’s 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 directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction 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. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gould Capital LLC lifted its stake in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 140 shares during the last quarter. Amalgamated Bank lifted its stake in Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System lifted its stake in Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after purchasing an additional 260 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after purchasing an additional 310 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after purchasing an additional 392 shares during the last quarter. 85.54% of the stock is currently 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.