Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Morgan Stanley

Analysts at Morgan Stanley assumed coverage on shares of Dutch Bros (NYSE:BROS) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an “overweight” rating and a $82.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 25.09% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Bank of America upped their price objective 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. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group increased their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, thirteen 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 presently has an average rating of “Buy” and a consensus target price of $76.23.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $65.55 on Monday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 192.81, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a 50-day moving average price of $67.04 and a 200-day moving average price of $51.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 12 month low of $26.85 and a 12 month high of $86.88.

Insider Activity

In other news, Chairman Travis Boersma sold 679,996 shares of the 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 $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the transaction, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. R Squared Ltd bought a new position in Dutch Bros in the fourth quarter worth approximately $25,000. Coppell Advisory Solutions LLC raised its position in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the period. Point72 Hong Kong Ltd purchased a new position in Dutch Bros during the third quarter valued at $36,000. Fortitude Family Office LLC purchased a new position in Dutch Bros during the fourth quarter valued at $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the fourth quarter valued at $43,000. 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.