Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Buy” by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus rating of “Buy” by the sixteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $76.57.

Several research analysts have recently weighed in on BROS shares. Stifel Nicolaus upped their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 28th. Piper Sandler upped their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Bank of America upped their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. TD Securities reiterated a “buy” rating and set a $89.00 target price on shares of Dutch Bros in a research note on Friday, March 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Dutch Bros in the 3rd quarter valued at about $573,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dutch Bros during the third quarter worth $50,000. Watts Gwilliam & Co. LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $304,000. Fortitude Family Office LLC bought a new stake in Dutch Bros during the fourth quarter valued at $41,000. Finally, Harbor Capital Advisors Inc. grew its stake in Dutch Bros by 6.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after buying an additional 1,661 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 2.0 %

BROS opened at $61.13 on Friday. The firm’s fifty day moving average is $62.46 and its two-hundred day moving average is $57.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market cap of $9.43 billion, a PE ratio of 179.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros has a twelve month low of $26.85 and a twelve month high of $86.88.

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.