Dutch Bros (NYSE:BROS) Reaches New 1-Year High – What’s Next?

Dutch Bros Inc. (NYSE:BROS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.14 and last traded at $53.14, with a volume of 501994 shares traded. The stock had previously closed at $51.91.

Analyst Ratings Changes

A number of research firms recently issued reports on BROS. Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group boosted their target price on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upped their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a market capitalization of $8.15 billion, a PE ratio of 180.21, a P/E/G ratio of 4.11 and a beta of 2.47. The stock has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $36.81.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 3,600 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $115,200.00. Following the transaction, the chairman now directly owns 430,718 shares in the company, valued at approximately $13,782,976. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the sale, the insider now owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. This trade represents a 26.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,065,467 shares of company stock valued at $35,434,372 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros in the 3rd quarter worth $224,461,000. Wasatch Advisors LP increased its stake in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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. Renaissance Technologies LLC acquired a new position in shares of Dutch Bros in the 2nd quarter valued at about $57,435,000. Finally, Wellington Management Group LLP grew its holdings in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.