Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $75.75

Dutch Bros Inc. (NYSE:BROS) has earned a consensus rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $75.75.

BROS has been the topic of a number of research analyst reports. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Jefferies Financial Group upped their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus upped their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Bank of America upped their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th.

Dutch Bros Stock Down 0.9 %

BROS opened at $65.71 on Friday. The firm’s 50-day simple moving average is $66.88 and its 200-day simple moving average is $51.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. 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 $10.13 billion, a price-to-earnings ratio of 193.27, a PEG ratio of 4.23 and a beta of 2.65.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business’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 value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of BROS. R Squared Ltd purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC lifted its position in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Dutch Bros in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC bought a new stake in Dutch Bros in the 4th quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the 4th quarter worth approximately $43,000. 85.54% of the stock is currently 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.