Dutch Bros (NYSE:BROS) Price Target Raised to $85.00 at Stifel Nicolaus

Dutch Bros (NYSE:BROS) had its price target upped by Stifel Nicolaus from $74.00 to $85.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Bank of America lifted their price target 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. UBS Group lifted their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dutch Bros currently has an average rating of “Buy” and a consensus target price of $75.75.

Dutch Bros Stock Up 3.4 %

NYSE:BROS opened at $79.19 on Friday. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. 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 has a market cap of $12.21 billion, a PE ratio of 232.93, a P/E/G ratio of 4.23 and a beta of 2.73. The firm’s 50 day simple moving average is $63.62 and its 200 day simple moving average is $47.51.

Insider Activity

In other news, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last three months. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BROS. R Squared Ltd bought a new position in shares of Dutch Bros in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC lifted its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after buying an additional 447 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Dutch Bros in the third quarter valued at $36,000. Finally, Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at $41,000. 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.