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

Dutch Bros (NYSE:BROS) had its target price upped by Guggenheim from $54.00 to $72.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 18.92% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities reiterated a “buy” rating and issued a $89.00 price objective on shares of Dutch Bros in a research note on Friday. Piper Sandler raised their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 28th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $78.36.

Dutch Bros Stock Down 3.2 %

NYSE:BROS traded down $1.97 during trading hours on Monday, hitting $60.55. 430,939 shares of the company’s stock traded hands, compared to its average volume of 3,066,582. Dutch Bros has a twelve month low of $26.85 and a twelve month high of $86.88. The firm has a market cap of $9.34 billion, a P/E ratio of 178.17, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock’s fifty day moving average price is $67.89 and its two-hundred day moving average price is $52.88.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction dated 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 owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the company. FIL Ltd acquired a new stake in Dutch Bros in the fourth quarter valued at $176,298,000. FMR LLC boosted its position in Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after purchasing an additional 3,227,435 shares during the period. Raymond James Financial Inc. bought a new position in shares of Dutch Bros in the fourth quarter valued at about $94,478,000. Wellington Management Group LLP lifted its stake in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after buying an additional 1,141,913 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock worth $53,878,000 after buying an additional 782,164 shares during the period. 85.54% of the stock is owned by institutional investors.

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.