Stifel Nicolaus Forecasts Strong Price Appreciation for Dutch Bros (NYSE:BROS) Stock

Dutch Bros (NYSE:BROS) had its target price raised by Stifel Nicolaus from $62.00 to $74.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on BROS. Wedbush increased their target price on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Robert W. Baird increased their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dutch Bros has an average rating of “Buy” and an average price target of $74.83.

Dutch Bros Trading Down 2.0 %

Shares of BROS opened at $81.85 on Thursday. The company has a market capitalization of $12.62 billion, a P/E ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. Dutch Bros has a one year low of $26.38 and a one year high of $86.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a 50-day moving average price of $58.89 and a 200 day moving average price of $44.87.

Institutional Trading of Dutch Bros

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

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.