Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Wedbush Analyst Says

Dutch Bros (NYSE:BROS) had its target price hoisted by equities research analysts at Wedbush from $65.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target would indicate a potential upside of 54.39% from the stock’s current price.

A number of other equities analysts have also commented on BROS. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Stifel Nicolaus increased their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Robert W. Baird boosted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $68.33.

Dutch Bros Trading Up 0.9 %

Dutch Bros stock opened at $64.77 on Thursday. The stock has a market cap of $9.99 billion, a P/E 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. The firm’s fifty day moving average price is $57.76 and its 200-day moving average price is $44.25. Dutch Bros has a fifty-two week low of $26.32 and a fifty-two week high of $68.47.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. increased its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management raised 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 purchasing an additional 314 shares during the period. Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the 3rd quarter worth approximately $36,000. Finally, nVerses Capital LLC bought a new position in Dutch Bros in the 3rd quarter worth approximately $38,000. 85.54% of the stock is currently 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.