Dutch Bros (NYSE:BROS) Reaches New 1-Year High – Time to Buy?

Dutch Bros Inc. (NYSE:BROS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $86.88 and last traded at $85.34, with a volume of 4099184 shares changing hands. The stock had previously closed at $81.97.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Securities increased their target price on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Up 4.1 %

The business has a 50-day moving average of $59.46 and a 200-day moving average of $45.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 251.02, a P/E/G ratio of 4.71 and a beta of 2.73.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of BROS. R Squared Ltd acquired a new stake in shares of Dutch Bros during the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC boosted its holdings in 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 acquiring an additional 447 shares during the period. Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Point72 Hong Kong Ltd purchased a new position in Dutch Bros during the 3rd quarter valued at about $36,000. Finally, nVerses Capital LLC purchased a new position in Dutch Bros during the 3rd quarter valued at about $38,000. 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.