Dutch Bros (NYSE:BROS) Hits New 12-Month High After Analyst Upgrade

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high on Thursday after UBS Group raised their price target on the stock from $67.00 to $90.00. UBS Group currently has a buy rating on the stock. Dutch Bros traded as high as $82.47 and last traded at $82.69, with a volume of 145733 shares. The stock had previously closed at $64.71.

A number of other equities analysts also recently commented on the company. Piper Sandler increased their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush raised their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen increased their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $70.42.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the business. Creative Planning increased its holdings in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. Procyon Advisors LLC increased its stake in Dutch Bros by 114.6% during the third quarter. Procyon Advisors LLC now owns 12,309 shares of the company’s stock valued at $394,000 after acquiring an additional 6,572 shares during the period. NBC Securities Inc. acquired a new position in Dutch Bros in the 3rd quarter valued at approximately $177,000. Jamison Private Wealth Management Inc. lifted its position in shares of Dutch Bros by 150.2% in the 3rd 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. Finally, Bfsg LLC grew its holdings 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 purchasing an additional 3,210 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Up 27.8 %

The business has a 50-day moving average price of $57.76 and a 200-day moving average price of $44.25. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $12.75 billion, a P/E ratio of 285.13, a PEG ratio of 3.88 and a beta of 2.73.

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.