Dutch Bros (NYSE:BROS) Given New $74.00 Price Target at Stifel Nicolaus

Dutch Bros (NYSE:BROS - Get Free Report) had its price target increased by research analysts at Stifel Nicolaus from $62.00 to $74.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential downside of 9.60% from the company's current price.

Several other equities research analysts also recently issued reports on BROS. Robert W. Baird raised their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Piper Sandler lifted their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. TD Securities lifted 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $74.83.

Dutch Bros Stock Down 2.0 %

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

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in the stock. Numerai GP LLC lifted its position in shares of Dutch Bros by 14.8% during the 4th quarter. Numerai GP LLC now owns 19,643 shares of the company's stock valued at $1,029,000 after acquiring an additional 2,528 shares during the period. Obermeyer Wealth Partners bought a new stake in Dutch Bros during the fourth quarter worth about $241,000. Millennium Management LLC lifted its holdings in shares of Dutch Bros by 7.5% during the 4th quarter. Millennium Management LLC now owns 1,295,545 shares of the company's stock worth $67,861,000 after acquiring an additional 90,166 shares during the period. Jefferies Financial Group Inc. bought a new stake in Dutch Bros during the fourth quarter worth $2,585,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $485,000. 85.54% of the stock is currently owned by institutional investors.

About Dutch Bros

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.