Dutch Bros (NYSE:BROS) Receives “Outperform” Rating from Wedbush

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $90.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 44.03% from the company’s current price.

A number of other equities analysts have also recently issued reports on BROS. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird upped their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company started coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, TD Securities reaffirmed a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a report on Friday. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.79.

Dutch Bros Price Performance

BROS stock opened at $62.49 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 183.80, a PEG ratio of 4.23 and a beta of 2.65. The firm has a 50 day moving average price of $67.89 and a 200-day moving average price of $52.88. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 9.13 % 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 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the business. Gould Capital LLC lifted its position in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after acquiring an additional 140 shares in the last quarter. Amalgamated Bank boosted 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 during the period. Arizona State Retirement System grew its holdings in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after buying an additional 260 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after buying an additional 310 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after acquiring an additional 392 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.