Dutch Bros Inc. (NYSE:BROS) Given Consensus Recommendation of "Buy" by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have earned a consensus recommendation of "Buy" from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $74.83.

A number of analysts have recently weighed in on BROS shares. UBS Group upped their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Piper Sandler increased their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Virtu Financial LLC purchased a new stake in Dutch Bros during the 3rd quarter valued at $573,000. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter valued at $224,461,000. Charles Schwab Investment Management Inc. boosted its position in Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $288,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $3.13 on Monday, reaching $81.86. 3,335,492 shares of the company's stock were exchanged, compared to its average volume of 2,996,491. The company has a fifty day moving average of $60.76 and a 200-day moving average of $45.84. Dutch Bros has a twelve month low of $26.38 and a twelve month high of $86.88. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 240.78, a PEG ratio of 4.91 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

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.