Dutch Bros (NYSE:BROS) Shares Gap Up - What's Next?

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $65.43, but opened at $69.56. Dutch Bros shares last traded at $70.65, with a volume of 446,013 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on BROS. Bank of America increased their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. Morgan Stanley assumed coverage on Dutch Bros in a report on Monday. They set an "overweight" rating and a $82.00 target price on the stock. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Barclays upgraded shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Wedbush boosted their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $76.50.

Dutch Bros Price Performance

The business's 50-day moving average price is $67.84 and its 200 day moving average price is $52.39. 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 capitalization of $9.45 billion, a PE ratio of 180.06, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on 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 sale, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros during the 3rd quarter worth about $36,000. Fortitude Family Office LLC acquired a new position in Dutch Bros in the 4th quarter valued at $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the 4th quarter valued at $43,000. 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.