Dutch Bros (NYSE:BROS) Reaches New 1-Year High – Time to Buy?

Dutch Bros Inc. (NYSE:BROS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.24 and last traded at $49.78, with a volume of 185775 shares traded. The stock had previously closed at $49.81.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BROS shares. Wedbush lifted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. TD Cowen lifted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Barclays raised their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Price Performance

The company’s 50 day moving average is $36.53 and its 200 day moving average is $36.31. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 179.49, a P/E/G ratio of 4.00 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, equities research analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,094,177 shares of company stock valued at $36,353,666. 46.50% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros during the 1st quarter worth approximately $26,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Jamison Private Wealth Management Inc. lifted its holdings in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares in the last quarter. 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.