Morgan Stanley Begins Coverage on Dutch Bros (NYSE:BROS)

Equities research analysts at Morgan Stanley assumed coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $82.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 17.46% from the stock’s current price.

Several other brokerages have also issued reports on BROS. TD Securities boosted their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Bank of America increased their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus raised their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and a consensus target price of $76.23.

Dutch Bros Stock Performance

NYSE:BROS opened at $69.81 on Monday. The firm’s 50-day moving average is $67.55 and its 200-day moving average is $52.19. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 205.33, a PEG ratio of 4.23 and a beta of 2.65.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04 % 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 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter valued at $573,000. Charles Schwab Investment Management Inc. lifted its position in Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the period. Raymond James Financial Inc. bought a new position in shares of Dutch Bros in the 4th quarter valued at about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dutch Bros by 38.0% during 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 period. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter worth approximately $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.