JPMorgan Chase & Co. Boosts Dutch Bros (NYSE:BROS) Price Target to $80.00

Dutch Bros (NYSE:BROS) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $58.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.27% from the company’s previous close.

Several other research analysts have also issued reports on BROS. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday. Wedbush boosted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $74.83.

Dutch Bros Trading Down 2.0 %

Shares of NYSE BROS opened at $81.85 on Thursday. The business’s 50 day moving average is $58.89 and its two-hundred day moving average is $44.83. 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 1-year low of $26.38 and a 1-year high of $86.42. The stock has a market capitalization of $12.62 billion, a P/E ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Dutch Bros in the 4th quarter valued at $280,000. Cypress Advisory Group LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $330,000. Becker Capital Management Inc. increased its position in shares of Dutch Bros by 40.1% in the 4th quarter. Becker Capital Management Inc. now owns 12,264 shares of the company’s stock valued at $642,000 after acquiring an additional 3,510 shares during the period. Utah Retirement Systems acquired a new position in shares of Dutch Bros in the 4th quarter valued at $309,000. Finally, PDT Partners LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $2,574,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.