Barclays Lowers Dutch Bros (NYSE:BROS) Price Target to $76.00

Dutch Bros (NYSE:BROS - Get Free Report) had its target price dropped by stock analysts at Barclays from $94.00 to $76.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 30.57% from the company's current price.

A number of other research analysts also recently issued reports on BROS. Wedbush restated an "outperform" rating and set a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Stifel Nicolaus lifted their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. 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 research report on Thursday, February 13th. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an "overweight" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.57.

Dutch Bros Trading Up 2.1 %

Shares of BROS stock traded up $1.18 on Tuesday, hitting $58.21. The stock had a trading volume of 597,014 shares, compared to its average volume of 3,151,583. 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 firm has a market capitalization of $8.98 billion, a P/E ratio of 172.10, a P/E/G ratio of 4.23 and a beta of 2.71. The company's 50 day moving average price is $65.98 and its 200-day moving average price is $55.78. Dutch Bros has a 1 year low of $26.85 and a 1 year high of $86.88.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04 % 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 755,551 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 42.40% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Dutch Bros during the fourth quarter worth approximately $25,000. Coppell Advisory Solutions LLC grew its stake in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Dutch Bros in the first quarter valued at about $31,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros in the 4th quarter worth about $43,000. 85.54% of the stock is currently 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.

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