Dutch Bros (NYSE:BROS) Price Target Raised to $90.00 at UBS Group

Dutch Bros (NYSE:BROS) had its price objective hoisted by UBS Group from $67.00 to $90.00 in a research report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. TD Securities upped their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Piper Sandler raised their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $74.83.

Dutch Bros Stock Up 29.4 %

Shares of NYSE:BROS opened at $83.75 on Thursday. Dutch Bros has a 12-month low of $26.32 and a 12-month high of $86.42. The stock’s 50-day moving average price is $57.76 and its two-hundred day moving average price is $44.25. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 288.81, a PEG ratio of 3.88 and a beta of 2.73. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Institutional Trading of Dutch Bros

Hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Dutch Bros during the fourth quarter valued at $25,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the fourth quarter valued at $41,000. Bernard Wealth Management Corp. bought a new position in Dutch Bros in the 4th quarter valued at about $43,000. Jamison Private Wealth Management Inc. increased its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the period. Finally, Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the period. Institutional investors 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.