Dutch Bros (NYSE:BROS) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company assumed coverage on shares of Dutch Bros (NYSE:BROS) in a 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 would indicate a potential upside of 14.60% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus lifted their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. TD Securities boosted their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley began coverage on shares of Dutch Bros in a report on Monday. They set an “overweight” rating and a $82.00 price target for the company. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $76.50.

Dutch Bros Stock Performance

Shares of BROS opened at $69.81 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market capitalization of $10.76 billion, a P/E ratio of 205.33, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. The firm’s 50 day moving average is $67.55 and its 200-day moving average is $52.19.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 471,718 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the sale, the chairman now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction 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. This trade represents a 9.13 % decrease in their position. 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC grew its stake in shares of 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 during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $36,000. Fortitude Family Office LLC bought a new position in Dutch Bros in the 4th quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the 4th quarter worth $43,000. 85.54% of the stock is 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.