Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dutch Bros (NYSE:BROS) had its price target increased by JPMorgan Chase & Co. from $58.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 2.27% from the stock’s current price.

Several other analysts also recently weighed in on the company. Stifel Nicolaus upped their price target on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. TD Securities lifted their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America lifted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, 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. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Down 2.0 %

BROS stock opened at $81.85 on Thursday. Dutch Bros has a fifty-two week low of $26.38 and a fifty-two week high of $86.42. The business’s 50 day moving average price is $58.89 and its two-hundred day moving average price is $44.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. R Squared Ltd bought a new stake in Dutch Bros during the fourth quarter valued at about $25,000. Jamison Private Wealth Management Inc. increased its holdings 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 worth $27,000 after purchasing an additional 500 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings 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 worth $27,000 after purchasing an additional 447 shares during the last quarter. Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros in the third quarter worth about $36,000. 85.54% of the stock is owned by institutional investors.

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.