Dutch Bros (NYSE:BROS) Price Target Raised to $72.00 at Guggenheim

Dutch Bros (NYSE:BROS) had its price target increased by Guggenheim from $54.00 to $72.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. TD Securities reiterated a “buy” rating and set a $89.00 target price on shares of Dutch Bros in a research report on Friday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Piper Sandler increased their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Stifel Nicolaus increased their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $78.36.

Dutch Bros Price Performance

Shares of BROS opened at $62.73 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.67 billion, a PE ratio of 184.51, a PEG ratio of 4.23 and a beta of 2.65. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. The business has a 50-day simple moving average of $68.01 and a two-hundred day simple moving average of $53.34.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last three months. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

Institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in Dutch Bros during the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC increased its position 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 period. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the third quarter worth about $36,000. Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $43,000. 85.54% of the stock is currently owned by hedge funds and other 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.