Dutch Bros (NYSE:BROS) Reaches New 12-Month High – Here’s Why

Dutch Bros Inc. (NYSE:BROS)’s stock price reached 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. The stock had previously closed at $81.97.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America raised their price objective 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. One research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company’s 50 day moving average price is $61.35 and its 200 day moving average price is $46.09. The firm has a market capitalization of $12.62 billion, a P/E ratio of 240.78, a PEG ratio of 4.70 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after acquiring an additional 153,070 shares during the last quarter. Baillie Gifford & Co. bought a new position in Dutch Bros in the third quarter valued at approximately $224,461,000. FMR LLC boosted its stake in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Finally, Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

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.