Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its price target boosted by Stifel Nicolaus from $74.00 to $85.00 in a research note released on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Piper Sandler raised their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $75.75.

Dutch Bros Stock Up 3.4 %

BROS opened at $79.19 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company’s 50-day moving average is $63.62 and its 200 day moving average is $47.51. Dutch Bros has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a market capitalization of $12.21 billion, a P/E ratio of 232.93, a PEG ratio of 4.23 and a beta of 2.73.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last quarter. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. Creative Planning grew its stake in Dutch Bros by 62.3% during the third quarter. Creative Planning now owns 12,451 shares of the company’s stock valued at $399,000 after acquiring an additional 4,778 shares in the last quarter. Private Advisor Group LLC lifted its position in Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock valued at $798,000 after purchasing an additional 18,171 shares during the last quarter. US Bancorp DE lifted its position in Dutch Bros by 8.9% during the third quarter. US Bancorp DE now owns 11,224 shares of the company’s stock valued at $360,000 after purchasing an additional 922 shares during the last quarter. Stephens Inc. AR bought a new stake in Dutch Bros during the third quarter valued at approximately $209,000. Finally, Farther Finance Advisors LLC lifted its position in Dutch Bros by 8.6% during the third quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock valued at $219,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.