TD Securities Increases Dutch Bros (NYSE:BROS) Price Target to $89.00

Dutch Bros (NYSE:BROS - Get Free Report) had its target price hoisted by TD Securities from $65.00 to $89.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 8.73% from the company's previous close.

Several other analysts have also commented on the company. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. UBS Group increased their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Piper Sandler lifted their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. One 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. According to MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average target price of $74.83.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded down $1.69 during trading hours on Thursday, reaching $81.85. The stock had a trading volume of 4,065,171 shares, compared to its average volume of 2,051,615. Dutch Bros has a twelve month low of $26.38 and a twelve month high of $86.42. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $12.62 billion, a PE ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73. The stock's 50 day moving average is $58.89 and its 200 day moving average is $44.92.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC raised its holdings in Dutch Bros by 638.6% in the 4th 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. Fortitude Family Office LLC acquired a new position in Dutch Bros in the fourth quarter valued at about $41,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the fourth quarter worth about $43,000. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% during the third 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. Institutional investors and hedge funds own 85.54% of the company's stock.

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.