Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of "Buy" from Brokerages

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has received a consensus rating of "Buy" from the fourteen brokerages that are currently 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 brokers that have updated their coverage on the stock in the last year is $74.83.

Several brokerages have commented on BROS. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. TD Securities boosted their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. UBS Group boosted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter valued at $573,000. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $224,461,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after purchasing an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock valued at $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Down 7.0 %

BROS stock traded down $5.74 during midday trading on Monday, reaching $76.29. 2,882,725 shares of the company were exchanged, compared to its average volume of 2,988,631. The stock's 50-day simple moving average is $61.35 and its 200 day simple moving average is $46.09. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 225.11, a price-to-earnings-growth ratio of 4.70 and a beta of 2.73. Dutch Bros has a 1-year low of $26.38 and a 1-year high of $86.88. 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 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.