Dutch Bros (NYSE:BROS) Given New $89.00 Price Target at TD Securities

Dutch Bros (NYSE:BROS) had its price objective increased by TD Securities from $65.00 to $89.00 in a research note published on Thursday,Benzinga reports. TD Securities currently has a buy rating on the stock.

BROS has been the subject of several other research reports. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. UBS Group raised their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Trading Up 29.4 %

Shares of BROS stock opened at $83.75 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. Dutch Bros has a fifty-two week low of $26.32 and a fifty-two week high of $86.42. The company has a market cap of $12.91 billion, a PE ratio of 288.81, a P/E/G ratio of 3.88 and a beta of 2.73. The stock’s fifty day moving average price is $57.76 and its two-hundred day moving average price is $44.25.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. EAM Investors LLC bought a new position in Dutch Bros during the 4th quarter worth approximately $5,163,000. Jump Financial LLC raised its stake in Dutch Bros by 264.7% during the fourth quarter. Jump Financial LLC now owns 151,937 shares of the company’s stock worth $7,958,000 after buying an additional 110,278 shares during the last quarter. XTX Topco Ltd acquired a new position in Dutch Bros in the fourth quarter valued at $686,000. Mariner LLC boosted its position in Dutch Bros by 14.4% during the fourth quarter. Mariner LLC now owns 24,920 shares of the company’s stock valued at $1,305,000 after acquiring an additional 3,140 shares during the last quarter. Finally, Barclays PLC grew its holdings in Dutch Bros by 699.4% during the 4th quarter. Barclays PLC now owns 429,693 shares of the company’s stock worth $22,507,000 after acquiring an additional 375,943 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

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.