Dutch Bros (NYSE:BROS) Shares Gap Up – Should You Buy?

Shares of Dutch Bros Inc. (NYSE:BROS) gapped up prior to trading on Monday . The stock had previously closed at $65.43, but opened at $69.56. Dutch Bros shares last traded at $70.65, with a volume of 446,013 shares traded.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Securities lifted their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Piper Sandler lifted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, UBS Group lifted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average price target of $76.23.

Dutch Bros Price Performance

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 $10.92 billion, a price-to-earnings ratio of 208.38, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company’s fifty day moving average is $67.04 and its two-hundred day moving average is $51.65.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction on Friday, February 21st. The stock was 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 owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. R Squared Ltd acquired a new position in Dutch Bros in the 4th quarter worth $25,000. Coppell Advisory Solutions LLC increased its position in shares of Dutch Bros by 638.6% in the 4th 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. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros in the 3rd quarter worth about $36,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros in the 4th quarter worth about $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the 4th quarter worth about $43,000. 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.