Wells Fargo & Company Initiates Coverage on Dutch Bros (NYSE:BROS)

Wells Fargo & Company initiated coverage on shares of Dutch Bros (NYSE:BROS) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $80.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Securities upped their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $76.50.

Dutch Bros Price Performance

BROS stock opened at $62.49 on Wednesday. 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 firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 183.80, a PEG ratio of 4.23 and a beta of 2.65. The firm has a 50 day moving average price of $67.89 and a 200-day moving average price of $52.60. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the sale, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter worth $25,000. Coppell Advisory Solutions LLC increased its position in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the fourth quarter worth about $41,000. Bernard Wealth Management Corp. purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $43,000. Finally, Gould Capital LLC grew its stake in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after acquiring an additional 140 shares during the period. Institutional investors own 85.54% of the company’s stock.

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.