Dutch Bros (NYSE:BROS) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Dutch Bros (NYSE:BROS) from a neutral rating to an overweight rating in a research note released on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $35.00 price objective on the stock, up from their prior price objective of $30.00.

Several other equities research analysts have also recently commented on the company. Wedbush cut their price target on Dutch Bros from $37.00 to $31.00 and set an outperform rating for the company in a research note on Friday, November 3rd. Piper Sandler lifted their price objective on Dutch Bros from $30.00 to $33.00 and gave the company a neutral rating in a report on Wednesday, August 23rd. UBS Group assumed coverage on Dutch Bros in a report on Thursday, September 21st. They issued a neutral rating and a $28.00 price target for the company. Stifel Nicolaus decreased their target price on shares of Dutch Bros from $36.00 to $32.00 and set a hold rating on the stock in a research report on Monday, September 11th. Finally, Jefferies Financial Group cut their price target on shares of Dutch Bros from $41.00 to $35.00 in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $33.30.

Dutch Bros Stock Up 3.5 %

Shares of BROS opened at $28.82 on Monday. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $41.44. The company’s 50-day simple moving average is $25.34 and its 200-day simple moving average is $27.83. The stock has a market capitalization of $5.10 billion, a PE ratio of 720.50 and a beta of 2.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.42 and a current ratio of 1.83.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 5,641,152 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.16, for a total value of $158,854,840.32. The sale was disclosed in a document filed with the SEC, which is available through this link. 49.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of BROS. Cedar Mountain Advisors LLC boosted its position in shares of Dutch Bros by 61.4% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after purchasing an additional 415 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Dutch Bros by 500.0% in the second quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock worth $26,000 after buying an additional 750 shares during the period. WealthPLAN Partners LLC purchased a new position in shares of Dutch Bros during the first quarter valued at $28,000. Captrust Financial Advisors lifted its stake in Dutch Bros by 87.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $35,000 after acquiring an additional 521 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Dutch Bros during the 1st quarter worth about $36,000.

About Dutch Bros

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.