Wedbush Boosts Dutch Bros (NYSE:BROS) Price Target to $100.00

Dutch Bros (NYSE:BROS) had its target price raised by research analysts at Wedbush from $65.00 to $100.00 in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 22.17% from the company’s previous close.

A number of other equities analysts have also recently commented on BROS. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Stifel Nicolaus lifted their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. One research 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 data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $81.85 on Thursday. Dutch Bros has a 52 week low of $26.38 and a 52 week high of $86.42. The stock 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. The firm has a fifty day simple moving average of $58.89 and a two-hundred day simple 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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank grew its position in shares of Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after buying an additional 220 shares during the last quarter. Arizona State Retirement System grew its position in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after purchasing an additional 260 shares during the last quarter. Treasurer of the State of North Carolina grew its position in 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 worth $2,517,000 after purchasing an additional 310 shares during the last quarter. Hollencrest Capital Management grew its position in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its position in Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after purchasing an additional 392 shares during the last quarter. Hedge funds and other 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.