Dutch Bros (NYSE:BROS) Given New $90.00 Price Target at UBS Group

Dutch Bros (NYSE:BROS) had its price target upped by equities researchers at UBS Group from $67.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 8.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised their target price on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America boosted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wedbush upped their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. One research 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 MarketBeat, Dutch Bros has a consensus rating of “Buy” and an average target price of $70.42.

Dutch Bros Stock Up 27.8 %

Shares of Dutch Bros stock opened at $82.69 on Thursday. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 285.13, a PEG ratio of 3.88 and a beta of 2.73. Dutch Bros has a twelve month low of $26.32 and a twelve month high of $82.47. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The business’s 50 day simple moving average is $57.76 and its 200-day simple moving average is $44.25.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of BROS. Amalgamated Bank increased its stake in Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System grew its stake in Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares in the last quarter. Hollencrest Capital Management increased its holdings in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after acquiring an additional 392 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares in the last quarter. 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.