Brokerages Set Dutch Bros Inc. (NYSE:BROS) PT at $34.70

Shares of Dutch Bros Inc. (NYSE:BROSGet Free Report) have received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $34.70.

BROS has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded Dutch Bros from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $35.00 in a research note on Tuesday, January 16th. Wedbush increased their target price on Dutch Bros from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Barclays increased their target price on Dutch Bros from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $30.00 to $35.00 in a research note on Monday, November 20th.

Check Out Our Latest Stock Report on BROS

Dutch Bros Stock Up 3.0 %

Shares of BROS opened at $27.80 on Thursday. The company has a market cap of $4.92 billion, a PE ratio of 695.00, a P/E/G ratio of 2.73 and a beta of 2.41. The business has a fifty day moving average of $28.70 and a 200 day moving average of $27.81. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $40.87. The company has a quick ratio of 1.42, a current ratio of 1.83 and a debt-to-equity ratio of 0.66.

Insider Activity

In related news, major shareholder Tsg7 A. Management Llc sold 5,641,152 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $28.16, for a total transaction of $158,854,840.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Tsg7 A. Management Llc sold 5,641,152 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $28.16, for a total transaction of $158,854,840.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Charles Jemley sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $28.80, for a total value of $2,793,600.00. Following the completion of the sale, the chief financial officer now directly owns 900,429 shares of the company’s stock, valued at approximately $25,932,355.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,639,876 shares of company stock worth $218,108,388. Company insiders own 49.70% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Cedar Mountain Advisors LLC boosted its holdings in Dutch Bros by 61.4% in the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after acquiring an additional 415 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Dutch Bros by 500.0% in the second quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 750 shares during the last quarter. Captrust Financial Advisors boosted its position in Dutch Bros by 87.9% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $35,000 after buying an additional 521 shares during the last quarter. Deutsche Bank AG purchased a new stake in Dutch Bros in the fourth quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Dutch Bros in the fourth quarter valued at approximately $40,000.

Dutch Bros Company Profile

(Get Free Report

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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