Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Dutch Bros (NYSE:BROS) had its target price raised by analysts at Stifel Nicolaus from $62.00 to $74.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 9.60% from the stock’s previous close.

A number of other analysts have also recently weighed in on BROS. TD Securities raised their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Bank of America raised their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Down 2.0 %

BROS stock opened at $81.85 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. Dutch Bros has a twelve month low of $26.38 and a twelve month high of $86.42. The company’s 50 day moving average is $58.89 and its two-hundred day moving average is $44.83. The stock has a market cap of $12.62 billion, a P/E ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in BROS. Creative Planning boosted its position in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Dutch Bros during the 3rd quarter worth $177,000. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Bfsg LLC boosted its position in shares of Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock worth $988,000 after purchasing an additional 3,210 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter worth $38,000. 85.54% of the stock is currently owned by hedge funds and other 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.