Dutch Bros (NYSE:BROS) Given New $95.00 Price Target at Robert W. Baird

Dutch Bros (NYSE:BROS) had its price objective increased by investment analysts at Robert W. Baird from $70.00 to $95.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 46.67% from the company’s current price.

A number of other brokerages have also recently commented on BROS. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group raised their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $62.36.

Dutch Bros Trading Up 0.9 %

Shares of NYSE:BROS opened at $64.77 on Thursday. The company has a market cap of $9.99 billion, a PE ratio of 223.35, a P/E/G ratio of 3.88 and a beta of 2.73. The company’s 50 day moving average is $57.76 and its two-hundred day moving average is $44.25. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a 52 week low of $26.32 and a 52 week high of $68.47.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. R Squared Ltd acquired a new stake in Dutch Bros during the fourth quarter valued at $25,000. Fortitude Family Office LLC bought a new stake in Dutch Bros during the 4th quarter valued at approximately $41,000. Jamison Private Wealth Management Inc. grew its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management increased its position in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Dutch Bros during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.