Dutch Bros Inc. (NYSE:BROS) Given Average Recommendation of "Buy" by Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have earned an average rating of "Buy" from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $75.75.

A number of analysts recently weighed in on BROS shares. Bank of America upped 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. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th.

Dutch Bros Stock Performance

BROS traded down $0.55 during trading on Friday, reaching $61.93. 2,160,568 shares of the company's stock were exchanged, compared to its average volume of 2,963,103. The company has a market capitalization of $9.55 billion, a P/E ratio of 182.16, a PEG ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $66.29 and a 200 day moving average price of $50.47. Dutch Bros has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

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Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction 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 completion of the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $41,000. Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros during the fourth quarter worth approximately $43,000. Finally, Gould Capital LLC raised 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 buying an additional 140 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.