Wells Fargo & Company Begins Coverage on Dutch Bros (NYSE:BROS)

Equities research analysts at Wells Fargo & Company began coverage on shares of Dutch Bros (NYSE:BROS) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $80.00 price target on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 23.42% from the company’s previous close.

Several other brokerages have also recently issued reports on BROS. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Robert W. Baird lifted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Securities increased their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average price target of $76.50.

Dutch Bros Stock Down 5.7 %

Shares of NYSE BROS opened at $64.82 on Wednesday. The stock has a market cap of $10.00 billion, a P/E ratio of 190.66, a PEG ratio of 4.23 and a beta of 2.65. The business’s fifty day simple moving average is $67.84 and its 200-day simple moving average is $52.39. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the sale, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the transaction, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new position 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% in the 4th 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. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the fourth quarter worth approximately $43,000. Finally, Gould Capital LLC lifted its holdings in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 140 shares during the period. 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.