JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS - Free Report) had its price objective boosted by JPMorgan Chase & Co. from $58.00 to $80.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the company. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Stifel Nicolaus increased their target price on Dutch Bros from $62.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday. TD Securities increased their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday. Finally, TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $74.83.

Dutch Bros Stock Down 2.0 %

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

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. bought a new stake in Dutch Bros in the 3rd quarter valued at about $224,461,000. FIL Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $176,298,000. FMR LLC raised its holdings in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after buying an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock worth $132,229,000 after buying an additional 2,885,306 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $94,478,000. 85.54% of the stock is 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.