Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Dutch Bros (NYSE:BROS) had its price target raised by investment analysts at Piper Sandler from $51.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential downside of 14.48% from the company’s previous close.

BROS has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. UBS Group lifted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Stifel Nicolaus boosted their price objective on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Price Performance

NYSE:BROS opened at $81.85 on Thursday. 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’s 50-day simple moving average is $58.89 and its 200 day simple moving average is $44.83. The company has a market cap 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 52-week low of $26.38 and a 52-week high of $86.42.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC raised its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Dutch Bros during the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the fourth quarter valued at approximately $43,000. Finally, Jamison Private Wealth Management Inc. raised its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

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.