Dutch Bros (NYSE:BROS) Stock Price Down 6.6%

Dutch Bros Inc. (NYSE:BROS)’s stock price traded down 6.6% during trading on Wednesday . The stock traded as low as $38.30 and last traded at $38.51. 606,909 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,458,280 shares. The stock had previously closed at $41.25.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Bank of America raised their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Stifel Nicolaus restated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research note on Wednesday, April 3rd. Robert W. Baird raised their price target on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Wedbush lifted their price objective on shares of Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.55.

Dutch Bros Stock Performance

The company’s fifty day simple moving average is $37.02 and its 200 day simple moving average is $32.45. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.95 billion, a P/E ratio of 213.96, a P/E/G ratio of 6.46 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $275.10 million during the quarter, compared to the consensus estimate of $255.71 million. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 54,359 shares of Dutch Bros stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the sale, the chairman now directly owns 1,281,743 shares of the company’s stock, valued at approximately $46,168,382.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of Dutch Bros stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $977,402.70. Following the completion of the sale, the insider now directly owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 54,359 shares of Dutch Bros stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the sale, the chairman now directly owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The disclosure for this sale can be found here. Insiders sold a total of 1,228,068 shares of company stock valued at $44,765,154 in the last three months. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of hedge funds have recently made changes to their positions in BROS. Vanguard Group Inc. raised its position in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the period. Joho Capital LLC raised its position in Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares during the period. Wasatch Advisors LP purchased a new position in Dutch Bros in the 1st quarter worth $41,988,000. American Century Companies Inc. raised its position in Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after purchasing an additional 773,616 shares during the period. Finally, Clearbridge Investments LLC raised its position in Dutch Bros by 0.8% in the 1st quarter. Clearbridge Investments LLC now owns 870,897 shares of the company’s stock worth $28,740,000 after purchasing an additional 7,240 shares during the period. 85.54% of the stock is owned by institutional investors.

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.