Dutch Bros Inc. (BROS:NYE) has received a “Buy” consensus rating from eleven analysts covering the company. According to Stock Target Advisor, the average 12-month price target among these analysts who updated their coverage on Dutch Bros stock within the last year is $35.88.
Dutch bros Stock-Analyst Ratings:
Recently, a few research analysts have commented on BROS. Cowen reiterated an “Outperform” rating and set a target price of $43.00 on February 23rd, while Stifel Nicolaus downgraded their target price on April 4th from $37.00 to $36.00 and rated the stock as “Hold”.
On April 5th, Wedbush upgraded their rating from “Neutral” to “Outperform” and set a target price of $37.00. Additionally, Guggenheim initiated coverage of the stock on February 16th with a “Neutral” rating and a target price of $37.00, while Barclays raised its price target from $29.00 to $31.00 and gave the stock an “Equal Weight” rating on January 26th.
Dutch Bros Stock Analysis:
Shares of BROS opened at $32.52 on Friday, with a market cap of $1.48 billion, a price-to-earnings ratio of -325.17, and a beta of 2.66. The company’s 52-week low is $20.05, and its 52-week high is $57.10.
Dutch Bros’ fifty-day simple moving average is $33.51, and its 200-day simple moving average is $33.34. The company has a current ratio of 0.39, a quick ratio of 0.20, and a debt-to-equity ratio of 1.32.
Insider Transactions:
Dutch Bros’ CEO Joth Ricci sold 160,000 shares of BROS stock on February 1st at an average price of $37.53, for a total transaction of $6,004,800.00.
Following this sale, the CEO now owns 2,056,335 shares of the company’s stock, valued at approximately $77,174,252.55. Insiders currently own 49.30% of Dutch Bros stock.
Hedge Funds & Institutional Holdings:
Several institutional investors have recently increased their stake in Dutch Bros, with Arizona State Retirement System increasing its stake by 3.8% during the fourth quarter, Lindbrook Capital LLC increasing its stake by 39.1% during the same quarter, and Signaturefd LLC and Rockefeller Capital Management L.P. both increasing their stakes during the third and fourth quarter respectively. Finally, Keudell Morrison Wealth Management increased its stake in the company during the third quarter by 4.7%.
Company Profile:
Dutch Bros Inc. operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels. Dutch Bros Inc. was founded in 1992 and is headquartered in Grants Pass, Oregon.
