Dutch Bros (NYSE:BROS) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $80.00 target price on the stock.

Several other research analysts have also weighed in on the company. TD Securities lifted their price objective on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. UBS Group boosted their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Bank of America boosted their price target 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, 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. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $76.50.

Dutch Bros Stock Down 3.9 %

Shares of NYSE BROS opened at $62.49 on Wednesday. The company’s 50 day moving average price is $67.89 and its 200-day moving average price is $52.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a market capitalization of $9.64 billion, a P/E ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros 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 $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This trade represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several hedge funds have recently added to or reduced their stakes in BROS. Vanguard Group Inc. lifted its position in Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after purchasing an additional 153,070 shares during the last quarter. FMR LLC raised its position in shares of Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after purchasing an additional 627,875 shares during the period. Wasatch Advisors LP boosted its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Finally, FIL Ltd purchased a new stake in Dutch Bros in the fourth quarter worth $176,298,000. 85.54% of the stock is owned by institutional investors.

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.