Piper Sandler Boosts Dutch Bros (NYSE:BROS) Price Target to $70.00

Dutch Bros (NYSE:BROS) had its price objective boosted by research analysts at Piper Sandler from $51.00 to $70.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential downside of 14.48% from the stock’s current price.

BROS has been the topic of a number of other reports. TD Securities increased their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price target for the stock 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Down 2.0 %

Shares of BROS opened at $81.85 on Thursday. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73. 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 business’s fifty day moving average price is $58.89 and its two-hundred day moving average price is $44.83. Dutch Bros has a 52 week low of $26.38 and a 52 week high of $86.42.

Institutional Trading of Dutch Bros

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares during the period. NBC Securities Inc. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $177,000. Jamison Private Wealth Management Inc. raised its stake 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 valued at $27,000 after purchasing an additional 500 shares during the period. Bfsg LLC raised its stake in shares of Dutch Bros by 11.6% in the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock valued at $988,000 after purchasing an additional 3,210 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.