Dutch Bros (NYSE:BROS) Price Target Raised to $100.00

Dutch Bros (NYSE:BROS) had its price target lifted by equities researchers at Wedbush from $65.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target would suggest a potential upside of 54.39% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Bank of America upped their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group increased their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and an average target price of $68.33.

Dutch Bros Trading Up 0.9 %

Shares of BROS stock opened at $64.77 on Thursday. 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 12-month low of $26.32 and a 12-month high of $68.47. The stock’s 50-day moving average price is $57.76 and its 200-day moving average price is $44.25. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 223.35, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73.

Institutional Trading of Dutch Bros

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