Robert W. Baird Issues Pessimistic Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target lowered by analysts at Robert W. Baird from $80.00 to $66.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 28.62% from the company’s current price.

Several other equities analysts have also weighed in on the company. UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley assumed coverage on Dutch Bros in a report on Monday, March 24th. They issued an “overweight” rating and a $82.00 price objective for the company. TD Securities restated a “buy” rating and issued a $89.00 price objective on shares of Dutch Bros in a research note on Friday, March 28th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $76.29.

Dutch Bros Stock Down 9.8 %

Dutch Bros stock opened at $51.31 on Monday. The firm has a 50 day moving average price of $67.75 and a 200-day moving average price of $53.75. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a market capitalization of $7.91 billion, a P/E ratio of 150.93, a P/E/G ratio of 4.23 and a beta of 2.71.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, the insider now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Virtu Financial LLC bought a new stake in Dutch Bros during the third quarter worth about $573,000. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after buying an additional 58,623 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in Dutch Bros in the fourth quarter worth approximately $288,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Dutch Bros during the fourth quarter valued at approximately $304,000. 85.54% of the stock is currently owned by hedge funds and other 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.