Morgan Stanley Begins Coverage on Dutch Bros (NYSE:BROS)

Equities research analysts at Morgan Stanley initiated coverage on shares of Dutch Bros (NYSE:BROS - Get Free Report) in a report released on Monday, Marketbeat.com reports. The firm set an "overweight" rating and a $82.00 price target on the stock. Morgan Stanley's price objective would indicate a potential upside of 17.46% from the company's current price.

A number of other brokerages have also commented on BROS. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Piper Sandler boosted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Robert W. Baird increased their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dutch Bros currently has an average rating of "Buy" and a consensus price target of $76.23.

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Dutch Bros Stock Down 0.9 %

NYSE:BROS traded down $0.64 on Monday, hitting $69.81. The stock had a trading volume of 3,448,311 shares, compared to its average volume of 2,975,559. Dutch Bros has a 1 year low of $26.85 and a 1 year high of $86.88. The firm's fifty day simple moving average is $67.55 and its two-hundred day simple moving average is $52.19. 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 stock has a market cap of $10.76 billion, a P/E ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Corporate insiders own 46.50% of the company's stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in BROS. CWC Advisors LLC. purchased a new stake in Dutch Bros during the fourth quarter valued at about $307,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Dutch Bros during the 4th quarter valued at about $267,000. Copia Wealth Management bought a new position in Dutch Bros during the 4th quarter worth approximately $73,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dutch Bros in the 4th quarter worth approximately $5,700,000. Finally, Jefferies Financial Group Inc. bought a new stake in Dutch Bros in the fourth quarter valued at approximately $2,585,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

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.