Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Wedbush Analyst Says

Dutch Bros (NYSE:BROS - Free Report) had its price objective hoisted by Wedbush from $65.00 to $100.00 in a research note released on Thursday morning, Marketbeat reports. Wedbush currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Piper Sandler increased their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Robert W. Baird upped their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday. Bank of America lifted their price target 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. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. 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 report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $74.83.

Dutch Bros Price Performance

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

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the company. Creative Planning raised its position in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company's stock valued at $318,000 after buying an additional 405 shares during the last quarter. NBC Securities Inc. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $177,000. Jamison Private Wealth Management Inc. raised its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Bfsg LLC lifted its stake in shares of Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company's stock worth $988,000 after purchasing an additional 3,210 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros during the third quarter worth $38,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.