UBS Group Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price target raised by UBS Group from $67.00 to $90.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 9.95% from the stock’s current price.

A number of other analysts also recently commented on BROS. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird boosted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, TD Securities boosted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Down 2.0 %

NYSE BROS opened at $81.85 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company’s 50 day simple moving average is $58.89 and its 200 day simple moving average is $44.83. Dutch Bros has a 12 month low of $26.38 and a 12 month high of $86.42. The company has a market capitalization of $12.62 billion, a P/E ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. R Squared Ltd purchased a new position in Dutch Bros during the fourth quarter valued at approximately $25,000. Jamison Private Wealth Management Inc. grew its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Hollencrest Capital Management grew its position in Dutch Bros by 52.3% during the third 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, Point72 Hong Kong Ltd purchased a new position in Dutch Bros during the third quarter valued at approximately $36,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.