Dutch Bros (NYSE:BROS) Price Target Raised to $80.00

Dutch Bros (NYSE:BROS) had its price objective lifted by JPMorgan Chase & Co. from $58.00 to $80.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

BROS has been the topic of a number of other reports. UBS Group boosted their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their target price on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. 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 research note on Thursday. Finally, 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 research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $81.85 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The firm’s 50-day simple moving average is $58.89 and its 200-day simple moving average is $44.87. Dutch Bros has a twelve month low of $26.38 and a twelve month high of $86.42. The firm has a market cap of $12.62 billion, a P/E ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Dutch Bros in the third quarter valued at approximately $224,461,000. FMR LLC increased its stake in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. Wasatch Advisors LP increased its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Finally, FIL Ltd bought a new stake in Dutch Bros in the fourth quarter valued at approximately $176,298,000. 85.54% of the stock is 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.