Dutch Bros (NYSE:BROS) Given New $100.00 Price Target at Wedbush

Dutch Bros (NYSE:BROS) had its target price hoisted by Wedbush from $65.00 to $100.00 in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on BROS. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Piper Sandler raised their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Performance

Shares of BROS stock opened at $83.75 on Thursday. 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 stock has a 50 day simple moving average of $57.76 and a 200-day simple moving average of $44.25. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 288.81, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. Dutch Bros has a 12-month low of $26.32 and a 12-month high of $86.42.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of BROS. Baillie Gifford & Co. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $224,461,000. FIL Ltd purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $176,298,000. FMR LLC increased its stake in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP lifted its position in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Dutch Bros in the 4th quarter worth about $94,478,000. Institutional investors and hedge funds 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.