Dutch Bros (NYSE:BROS) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Dutch Bros (NYSE:BROS) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $80.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 14.60% from the company’s previous close.

A number of other analysts have also commented on BROS. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Wedbush raised their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” 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 report on Monday, January 6th. Morgan Stanley began coverage on Dutch Bros in a report on Monday. They set an “overweight” rating and a $82.00 target price on the stock. Finally, TD Securities boosted their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.50.

Dutch Bros Stock Down 0.9 %

Shares of NYSE BROS opened at $69.81 on Wednesday. Dutch Bros has a 1 year low of $26.85 and a 1 year high of $86.88. The firm’s 50-day moving average is $67.55 and its 200-day moving average is $52.19. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $10.76 billion, a PE ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last quarter. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Vanguard Group Inc. boosted its holdings in shares of Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares during the period. FMR LLC boosted its stake in shares of Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Finally, FIL Ltd bought a new stake in Dutch Bros during the 4th quarter worth approximately $176,298,000. 85.54% of the stock is owned by institutional investors.

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.