Dutch Bros (NYSE:BROS) Price Target Raised to $70.00

Dutch Bros (NYSE:BROS - Free Report) had its target price lifted by Piper Sandler from $51.00 to $70.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

BROS has been the subject of a number of other reports. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Barclays raised 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. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, TD Securities upped their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a report on Thursday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $74.83.

Dutch Bros Stock Performance

Dutch Bros stock traded down $1.69 during trading hours on Thursday, reaching $81.85. 4,065,171 shares of the stock were exchanged, compared to its average volume of 2,051,615. Dutch Bros has a 52-week low of $26.38 and a 52-week high of $86.42. The firm's 50 day moving average is $58.89 and its 200 day moving average is $44.92. The stock has a market cap of $12.62 billion, a P/E ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System lifted its position in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after buying an additional 260 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after buying an additional 310 shares during the period. Hollencrest Capital Management grew its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after buying an additional 314 shares during the period. Finally, Level Four Advisory Services LLC increased its position in shares of Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after acquiring an additional 392 shares in the last quarter. 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.