Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $86.88 and last traded at $85.34, with a volume of 4099184 shares changing hands. The stock had previously closed at $81.97.
Wall Street Analyst Weigh In
BROS has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $74.83.
View Our Latest Research Report on Dutch Bros
Dutch Bros Price Performance
The stock has a fifty day moving average of $61.35 and a two-hundred day moving average of $46.09. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 223.79, a PEG ratio of 4.70 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.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. FIL Ltd bought a new stake in shares of Dutch Bros during the fourth quarter worth approximately $176,298,000. FMR LLC grew its position in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $94,478,000. 85.54% of the stock is currently owned by institutional investors.
About Dutch Bros
(
Get Free Report)
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.
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