Dutch Bros (NYSE:BROS) Shares Gap Up – Should You Buy?

Dutch Bros Inc. (NYSE:BROS) gapped up prior to trading on Monday . The stock had previously closed at $65.43, but opened at $69.56. Dutch Bros shares last traded at $70.65, with a volume of 446,013 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler boosted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average price target of $76.23.

Dutch Bros Trading Down 0.9 %

The stock has a market capitalization of $10.76 billion, a P/E ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The business has a 50 day simple moving average of $67.55 and a 200-day simple moving average of $52.19. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction that occurred on 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 transaction, the chairman now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 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 value of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently made changes to their positions in BROS. Victory Capital Management Inc. raised its stake in Dutch Bros by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock valued at $753,000 after purchasing an additional 3,605 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after buying an additional 181,636 shares in the last quarter. Algert Global LLC raised its position in Dutch Bros by 21.2% during the third quarter. Algert Global LLC now owns 31,602 shares of the company’s stock valued at $1,012,000 after buying an additional 5,520 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Dutch Bros in the 3rd quarter worth about $1,786,000. Finally, Independent Advisor Alliance boosted its position in Dutch Bros by 2.9% during the 3rd quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock worth $579,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.