Dutch Bros (NYSE:BROS) Given New $66.00 Price Target at Robert W. Baird

Dutch Bros (NYSE:BROS - Free Report) had its price target decreased by Robert W. Baird from $80.00 to $66.00 in a research report report published on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

BROS has been the subject of a number of other research reports. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Bank of America raised their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group upped their target price on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Stifel Nicolaus raised their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of "Buy" and an average price target of $76.29.

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Dutch Bros Trading Up 1.1 %

Shares of NYSE:BROS traded up $0.62 during mid-day trading on Monday, hitting $57.61. The stock had a trading volume of 2,265,605 shares, compared to its average volume of 3,154,639. The company's 50 day moving average is $66.94 and its 200-day moving average is $54.55. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. 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 company has a market cap of $8.88 billion, a PE ratio of 169.45, a P/E/G ratio of 4.23 and a beta of 2.71.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last three months. Corporate insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. Radnor Capital Management LLC boosted its stake in Dutch Bros by 14.4% during the 1st quarter. Radnor Capital Management LLC now owns 5,310 shares of the company's stock valued at $328,000 after purchasing an additional 670 shares during the period. Merit Financial Group LLC bought a new stake in shares of Dutch Bros in the first quarter valued at approximately $359,000. NBC Securities Inc. grew its stake in shares of Dutch Bros by 49,758.3% in the first quarter. NBC Securities Inc. now owns 5,983 shares of the company's stock worth $369,000 after acquiring an additional 5,971 shares during the last quarter. GAMMA Investing LLC increased its position in Dutch Bros by 11,342.2% during the first quarter. GAMMA Investing LLC now owns 50,689 shares of the company's stock worth $3,130,000 after acquiring an additional 50,246 shares during the period. Finally, AdvisorNet Financial Inc bought a new position in Dutch Bros during the first quarter worth $31,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

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.