Dutch Bros (NYSE:BROS) Price Target Raised to $70.00

Dutch Bros (NYSE:BROS) had its target price lifted by Piper Sandler from $51.00 to $70.00 in a research report sent to investors on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. TD Cowen boosted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group upped their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Wedbush upped their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. One 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. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Stock Down 2.0 %

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 company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $58.89 and its 200-day simple moving average is $44.87. The firm 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.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Dutch Bros in the 4th quarter valued at about $280,000. Cypress Advisory Group LLC bought a new stake in shares of Dutch Bros in the fourth quarter worth $330,000. Becker Capital Management Inc. grew its stake in shares of Dutch Bros by 40.1% in the fourth quarter. Becker Capital Management Inc. now owns 12,264 shares of the company’s stock worth $642,000 after purchasing an additional 3,510 shares during the last quarter. Utah Retirement Systems bought a new stake in shares of Dutch Bros in the fourth quarter worth $309,000. Finally, PDT Partners LLC bought a new stake in Dutch Bros during the fourth quarter valued at $2,574,000. 85.54% of the stock is currently owned by 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.