Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Dutch Bros (NYSE:BROS) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $80.00 price objective on the stock.

BROS has been the topic of a number of other research reports. UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley began coverage on Dutch Bros in a research report on Monday. They issued an “overweight” rating and a $82.00 price objective on the stock. Finally, Piper Sandler upped their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $76.50.

Dutch Bros Stock Down 1.6 %

Shares of Dutch Bros stock opened at $68.78 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The company’s 50 day moving average price is $67.75 and its 200-day moving average price is $52.30. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 202.29, a P/E/G ratio of 4.23 and a beta of 2.65.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 in the last three months. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. R Squared Ltd bought a new stake in Dutch Bros during the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC grew its holdings in shares of 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 buying an additional 447 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the third quarter valued at approximately $36,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.