Dutch Bros’ (BROS) Outperform Rating Reaffirmed at Wedbush

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research note issued to investors on Monday,Benzinga reports. They presently have a $90.00 price target on the stock. Wedbush’s price target points to a potential upside of 44.03% from the company’s previous close.

A number of other research firms have also recently commented on BROS. Bank of America lifted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler upped their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, TD Securities reissued a “buy” rating and issued a $89.00 price target on shares of Dutch Bros in a research report on Friday. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $75.79.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $62.49 on Monday. The company has a market capitalization of $9.64 billion, a P/E ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company’s 50-day moving average is $67.89 and its 200 day moving average is $52.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction dated 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 owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWC Advisors LLC. purchased a new position in Dutch Bros during the 4th quarter valued at $307,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Dutch Bros during the fourth quarter valued at about $267,000. Copia Wealth Management purchased a new position in shares of Dutch Bros during the fourth quarter valued at about $73,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dutch Bros in the fourth quarter worth about $5,700,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Dutch Bros in the fourth quarter worth about $2,585,000. Institutional investors 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.