Dutch Bros (NYSE:BROS) Price Target Raised to $70.00 at Piper Sandler

Dutch Bros (NYSE:BROS) had its target price hoisted by Piper Sandler from $51.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential downside of 15.70% from the company’s previous close.

Several other analysts have also recently weighed in on BROS. Stifel Nicolaus lifted their price target on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America raised their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group raised their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average price target of $73.00.

Dutch Bros Stock Up 28.3 %

Shares of NYSE BROS traded up $18.33 during mid-day trading on Thursday, reaching $83.04. 5,572,609 shares of the company’s stock were exchanged, compared to its average volume of 2,595,579. The business has a fifty day simple moving average of $57.76 and a 200 day simple moving average of $44.25. Dutch Bros has a twelve month low of $26.32 and a twelve month high of $86.42. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 285.96, a PEG ratio of 3.88 and a beta of 2.73.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings 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 acquiring an additional 3,227,435 shares during the period. Federated Hermes Inc. raised its stake in shares of Dutch Bros by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 604,747 shares of the company’s stock worth $31,677,000 after purchasing an additional 4,747 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Dutch Bros by 359.0% in the 4th quarter. Russell Investments Group Ltd. now owns 207,552 shares of the company’s stock worth $10,879,000 after buying an additional 162,329 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Dutch Bros by 6.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 126,116 shares of the company’s stock valued at $6,606,000 after buying an additional 7,203 shares during the period. Finally, ExodusPoint Capital Management LP increased its holdings in Dutch Bros by 780.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 126,582 shares of the company’s stock worth $6,630,000 after buying an additional 112,202 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.