Dutch Bros Inc. (NYSE:BROS) Receives Average Recommendation of "Buy" from Analysts

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has been assigned a consensus rating of "Buy" from the sixteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $76.29.

BROS has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Stifel Nicolaus upped their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Bank of America upped their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the firm'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 $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. 46.50% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BROS. The Manufacturers Life Insurance Company increased its stake in shares of Dutch Bros by 46.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company's stock valued at $895,000 after acquiring an additional 8,873 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Dutch Bros by 16.9% during the third quarter. MetLife Investment Management LLC now owns 3,878 shares of the company's stock worth $124,000 after buying an additional 562 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dutch Bros by 38.0% in the third 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 buying an additional 58,623 shares in the last quarter. Quarry LP grew its holdings in shares of Dutch Bros by 68.0% during the third quarter. Quarry LP now owns 1,740 shares of the company's stock valued at $56,000 after buying an additional 704 shares during the last quarter. Finally, State Street Corp increased its position in shares of Dutch Bros by 34.8% during the third quarter. State Street Corp now owns 1,734,646 shares of the company's stock worth $55,561,000 after acquiring an additional 447,456 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $0.62 during mid-day trading on Tuesday, reaching $57.61. The company had a trading volume of 2,265,605 shares, compared to its average volume of 3,154,639. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. The business's 50-day simple moving average is $66.94 and its 200 day simple moving average is $54.55. 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 cap of $8.88 billion, a price-to-earnings ratio of 169.45, a PEG ratio of 4.23 and a beta of 2.71.

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.