UBS Group Issues Positive Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price objective raised by investment analysts at UBS Group from $67.00 to $90.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 8.85% from the company’s previous close.

Several other research firms also recently issued reports on BROS. 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. Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird raised their price objective on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, Bank of America raised their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $70.42.

Dutch Bros Stock Performance

Dutch Bros stock opened at $82.69 on Thursday. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 285.13, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. Dutch Bros has a 12 month low of $26.32 and a 12 month high of $82.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock’s 50-day moving average is $57.76 and its 200-day moving average is $44.25.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning grew its stake in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $177,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Bfsg LLC raised its position in shares of Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock valued at $988,000 after acquiring an additional 3,210 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Dutch Bros during the third quarter worth $38,000. 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.