5,800 Shares in Dutch Bros Inc. (NYSE:BROS) Acquired by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,800 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Dutch Bros in the fourth quarter worth approximately $25,000. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Dutch Bros during the third quarter worth $36,000. Finally, nVerses Capital LLC acquired a new position in Dutch Bros during the third quarter worth $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on BROS. Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Wedbush upped their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $60.09.

Dutch Bros Stock Performance

NYSE:BROS opened at $66.56 on Tuesday. The firm has a market capitalization of $10.26 billion, a PE ratio of 229.51, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The business’s fifty day moving average price is $57.35 and its 200 day moving average price is $43.92. 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 Inc. has a 12 month low of $26.32 and a 12 month high of $68.47.

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.