Dutch Bros (NYSE:BROS – Get Rating) had its price objective lifted by Piper Sandler from $44.00 to $50.00 in a report published on Thursday morning, The Fly reports. Piper Sandler currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on BROS. Barclays raised their price target on Dutch Bros from $25.00 to $34.00 and gave the company an equal weight rating in a research report on Thursday, June 9th. Gordon Haskett began coverage on Dutch Bros in a research report on Wednesday, April 13th. They set a buy rating and a $64.00 price objective for the company. Stifel Nicolaus cut Dutch Bros from a buy rating to a hold rating and dropped their price objective for the stock from $70.00 to $30.00 in a research report on Thursday, May 12th. Cowen dropped their price objective on Dutch Bros from $65.00 to $35.00 in a research report on Thursday, May 12th. Finally, Bank of America dropped their price objective on Dutch Bros from $80.00 to $64.00 in a research report on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Dutch Bros has an average rating of Moderate Buy and a consensus target price of $47.60.

Dutch Bros Trading Up 0.9 %

Shares of BROS stock opened at $46.70 on Thursday. Dutch Bros has a fifty-two week low of $20.05 and a fifty-two week high of $81.40. The stock has a market cap of $1.85 billion and a P/E ratio of -141.51. The business has a fifty day simple moving average of $37.20 and a 200-day simple moving average of $44.29. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 1.13.

Insider Activity

In other news, COO Brian Maxwell sold 48,000 shares of Dutch Bros stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $40.12, for a total value of $1,925,760.00. Following the transaction, the chief operating officer now directly owns 1,171,620 shares of the company's stock, valued at approximately $47,005,394.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 49.30% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of BROS. Invesco Ltd. raised its holdings in shares of Dutch Bros by 331.9% during the 4th quarter. Invesco Ltd. now owns 900,326 shares of the company's stock valued at $45,836,000 after buying an additional 691,872 shares during the period. LPL Financial LLC purchased a new stake in Dutch Bros during the 2nd quarter worth approximately $10,332,000. Lord Abbett & CO. LLC increased its holdings in Dutch Bros by 187.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 445,000 shares of the company's stock worth $24,595,000 after purchasing an additional 290,182 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Dutch Bros during the 4th quarter worth approximately $13,896,000. Finally, Nicholas Investment Partners LP purchased a new stake in Dutch Bros during the 1st quarter worth approximately $15,007,000.

About Dutch Bros

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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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