Dutch Bros (NYSE:BROS) Price Target Raised to $95.00

Dutch Bros (NYSE:BROS) had its price target hoisted by equities research analysts at Robert W. Baird from $70.00 to $95.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 46.67% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Piper Sandler lifted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $62.36.

Dutch Bros Stock Performance

NYSE:BROS opened at $64.77 on Thursday. The business’s fifty day moving average is $57.76 and its 200 day moving average is $44.25. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 223.35, a PEG ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros has a 52-week low of $26.32 and a 52-week high of $68.47.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of BROS. Virtu Financial LLC bought a new position in shares of Dutch Bros during the 3rd quarter worth approximately $573,000. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $224,461,000. Charles Schwab Investment Management Inc. raised its holdings in Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at approximately $288,000. 85.54% of the stock is owned by hedge funds and other 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.