Robert W. Baird Boosts Dutch Bros (NYSE:BROS) Price Target to $95.00

Dutch Bros (NYSE:BROS) had its target price lifted by Robert W. Baird from $70.00 to $95.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

BROS has been the subject of several other reports. Piper Sandler increased their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. UBS Group upped their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $83.75 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros has a fifty-two week low of $26.32 and a fifty-two week high of $86.42. The stock has a market capitalization of $12.91 billion, a PE ratio of 288.81, a P/E/G ratio of 3.88 and a beta of 2.73. The business has a fifty day moving average price of $57.76 and a two-hundred day moving average price of $44.25.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares during the period. NBC Securities Inc. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $177,000. Jamison Private Wealth Management Inc. raised its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Bfsg LLC raised its stake in shares of Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock worth $988,000 after buying an additional 3,210 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at about $38,000. 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.