Dutch Bros Inc. (NYSE:BROS) Receives $76.57 Average Price Target from Analysts

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has received an average rating of "Buy" from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $75.86.

BROS has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday. Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Robert W. Baird reduced their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Finally, Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th.

Dutch Bros Trading Down 1.3 %

BROS traded down $0.76 during midday trading on Friday, reaching $59.60. 2,782,085 shares of the company were exchanged, compared to its average volume of 3,180,514. The stock has a market capitalization of $9.19 billion, a P/E ratio of 175.30, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros has a one year low of $26.96 and a one year high of $86.88. The stock's 50-day simple moving average is $62.15 and its 200 day simple moving average is $57.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in Dutch Bros in the 4th quarter valued at $25,000. AdvisorNet Financial Inc bought a new stake in shares of Dutch Bros in the first quarter valued at about $31,000. Cullen Frost Bankers Inc. acquired a new position in shares of Dutch Bros in the first quarter valued at about $31,000. Coppell Advisory Solutions LLC increased 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 worth $27,000 after acquiring an additional 447 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in Dutch Bros in the 4th quarter worth about $41,000. Institutional investors 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.