Dutch Bros (NYSE:BROS) Given New $80.00 Price Target at UBS Group

Dutch Bros (NYSE:BROS - Get Free Report) had its price target dropped by analysts at UBS Group from $90.00 to $80.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 32.51% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Guggenheim increased their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Wells Fargo & Company assumed coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. Jefferies Financial Group upped their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $75.86.

Dutch Bros Stock Performance

NYSE BROS traded down $0.73 during trading on Monday, reaching $60.38. The company's stock had a trading volume of 2,409,070 shares, compared to its average volume of 3,182,106. The firm has a 50 day moving average price of $62.46 and a 200 day moving average price of $57.54. Dutch Bros has a 12 month low of $26.96 and a 12 month high of $86.88. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 177.58, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 755,551 shares of the firm's stock in a transaction on 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 transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 42.40% of the company's stock.

Institutional Trading of Dutch Bros

Several institutional investors have recently modified their holdings of BROS. R Squared Ltd acquired a new position in Dutch Bros during the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC raised its position in shares of 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 last quarter. AdvisorNet Financial Inc bought a new position in shares of Dutch Bros during the first quarter worth about $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the first quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC bought a new stake in Dutch Bros in the fourth quarter valued at approximately $41,000. Institutional investors own 85.54% of the company's stock.

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.

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