Dutch Bros (NYSE:BROS) Reaches New 1-Year High – Time to Buy?

Dutch Bros Inc. (NYSE:BROS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.88 and last traded at $85.34, with a volume of 4099184 shares changing hands. The stock had previously closed at $81.97.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler lifted their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Performance

The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 251.02, a price-to-earnings-growth ratio of 4.71 and a beta of 2.73. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $59.46 and a 200-day moving average price of $45.23.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC boosted its stake 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 valued at $27,000 after buying an additional 447 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $43,000. Finally, Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. 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.