BROS

Piper Sandler Upgrades Dutch Bros (BROS)

Fintel reports that on March 4, 2024, Piper Sandler upgraded their outlook for Dutch Bros (NYSE:BROS) from Neutral to Overweight .

Analyst Price Forecast Suggests 19.70% Upside

As of February 24, 2024, the average one-year price target for Dutch Bros is 35.51. The forecasts range from a low of 30.30 to a high of $50.40. The average price target represents an increase of 19.70% from its latest reported closing price of 29.67.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Dutch Bros is 1,301MM, an increase of 34.71%. The projected annual non-GAAP EPS is 0.62.

What is the Fund Sentiment?

There are 333 funds or institutions reporting positions in Dutch Bros. This is an increase of 47 owner(s) or 16.43% in the last quarter. Average portfolio weight of all funds dedicated to BROS is 0.34%, an increase of 15.03%. Total shares owned by institutions increased in the last three months by 2.86% to 92,972K shares. BROS / Dutch Bros Inc. Put/Call Ratios The put/call ratio of BROS is 0.66, indicating a bullish outlook.

What are Other Shareholders Doing?

BROS / Dutch Bros Inc. Shares Held by Institutions

TSG Consumer Partners holds 46,551K shares representing 57.32% ownership of the company. In it's prior filing, the firm reported owning 53,486K shares, representing a decrease of 14.90%. The firm increased its portfolio allocation in BROS by 8.41% over the last quarter.

T. Rowe Price Investment Management holds 4,167K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 3,976K shares, representing an increase of 4.56%. The firm increased its portfolio allocation in BROS by 31.28% over the last quarter.

Citadel Advisors holds 3,959K shares representing 4.88% ownership of the company. In it's prior filing, the firm reported owning 3,059K shares, representing an increase of 22.73%. The firm increased its portfolio allocation in BROS by 64.37% over the last quarter.

Marshall Wace, Llp holds 2,197K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 1,422K shares, representing an increase of 35.28%. The firm increased its portfolio allocation in BROS by 10.54% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,611K shares representing 1.98% ownership of the company. In it's prior filing, the firm reported owning 1,603K shares, representing an increase of 0.48%. The firm increased its portfolio allocation in BROS by 22.31% over the last quarter.

Dutch Bros Background Information
(This description is provided by the company.)

Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what the company does, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. Dutch Bros is more than just the products the company serves—it is dedicated to making a massive difference in the lives of its employees, customers and communities. This combination of hand-crafted and high-quality beverages, its unique drive-thru experience and its community-driven, people-first culture has allowed us to successfully open new shops and continue to share the “Dutch Luv” at 471 locations in 11 states as of June 30, 2021.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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