Equitable Trust Co. Takes Position in Dutch Bros Inc. (NYSE:BROS)

Equitable Trust Co. acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,649 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Dutch Bros by 102.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,084 shares of the company’s stock worth $790,000 after purchasing an additional 9,671 shares in the last quarter. Creative Planning increased its holdings in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after buying an additional 405 shares during the last quarter. Procyon Advisors LLC raised its position in Dutch Bros by 114.6% during the third quarter. Procyon Advisors LLC now owns 12,309 shares of the company’s stock valued at $394,000 after acquiring an additional 6,572 shares in the last quarter. NBC Securities Inc. acquired a new stake in Dutch Bros in the third quarter valued at approximately $177,000. Finally, Jamison Private Wealth Management Inc. grew its position in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Jefferies Financial Group raised their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and an average target price of $60.09.

Dutch Bros Stock Down 3.9 %

Shares of BROS stock opened at $63.96 on Wednesday. Dutch Bros Inc. has a 12 month low of $26.32 and a 12 month high of $68.47. 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 firm has a market cap of $9.86 billion, a PE ratio of 220.57, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The stock has a 50 day moving average of $57.54 and a 200-day moving average of $44.11.

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.