Dutch Bros (NYSE:BROS) Price Target Raised to $74.00 at Stifel Nicolaus

Dutch Bros (NYSE:BROS) had its price target lifted by equities research analysts at Stifel Nicolaus from $62.00 to $74.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential downside of 13.14% from the stock’s previous close.

A number of other research analysts have also commented on the stock. 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. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. UBS Group raised their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average price target of $71.42.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $20.48 during trading hours on Thursday, hitting $85.19. The stock had a trading volume of 2,803,804 shares, compared to its average volume of 2,536,821. The stock’s fifty day simple moving average is $57.76 and its 200 day simple moving average is $44.25. Dutch Bros has a 1-year low of $26.32 and a 1-year high of $86.42. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 294.84, a PEG ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Creative Planning boosted its stake in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. NBC Securities Inc. acquired a new position in Dutch Bros in the 3rd quarter worth approximately $177,000. Jamison Private Wealth Management Inc. boosted its stake in Dutch Bros by 150.2% in the 3rd 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 period. Bfsg LLC boosted its stake in Dutch Bros by 11.6% in the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock worth $988,000 after purchasing an additional 3,210 shares during the period. Finally, nVerses Capital LLC acquired a new position in Dutch Bros in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.