Dutch Bros (NYSE:BROS) Price Target Raised to $95.00 at Robert W. Baird

Dutch Bros (NYSE:BROS) had its target price lifted by Robert W. Baird from $70.00 to $95.00 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other brokerages also recently commented on BROS. JPMorgan Chase & Co. upped their target price on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Trading Up 29.4 %

Dutch Bros stock opened at $83.75 on Thursday. Dutch Bros has a 52-week low of $26.32 and a 52-week high of $86.42. The firm has a 50-day moving average price of $57.76 and a two-hundred day moving average price of $44.25. 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 firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 288.81, a PEG ratio of 3.88 and a beta of 2.73.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Creative Planning increased its stake in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Dutch Bros during the third quarter worth $177,000. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Bfsg LLC lifted its position in Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock worth $988,000 after buying an additional 3,210 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Dutch Bros in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.