Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Dutch Bros (NYSE:BROS) had its price target hoisted by equities researchers at Robert W. Baird from $70.00 to $95.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 16.06% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on BROS. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. UBS Group boosted their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Trading Down 2.0 %

Shares of NYSE:BROS opened at $81.85 on Thursday. Dutch Bros has a 12-month low of $26.38 and a 12-month high of $86.42. The stock has a market cap of $12.62 billion, a PE ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. The business has a 50 day moving average of $58.89 and a 200-day moving average of $44.83. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the third quarter worth $224,461,000. FMR LLC increased its holdings in shares of 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 buying an additional 3,227,435 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of 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 in the last quarter. Finally, FIL Ltd acquired a new position in shares of Dutch Bros during the fourth quarter worth $176,298,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.