Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, TD Securities Analyst Says

Dutch Bros (NYSE:BROS) had its price target upped by investment analysts at TD Securities from $65.00 to $89.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 8.73% from the stock’s previous close.

A number of other brokerages have also recently commented on BROS. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush lifted their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Piper Sandler lifted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Stock Performance

NYSE BROS opened at $81.85 on Thursday. The company has a market capitalization of $12.62 billion, a P/E ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a fifty day moving average of $58.89 and a 200-day moving average of $44.83. Dutch Bros has a 52-week low of $26.38 and a 52-week high of $86.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank boosted its stake in shares of Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after purchasing an additional 310 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in shares of Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

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.