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

Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high on Thursday . The company traded as high as $56.41 and last traded at $56.18, with a volume of 1618038 shares changing hands. The stock had previously closed at $52.38.

Analyst Ratings Changes

BROS has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays upped 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 note on Friday, November 8th. UBS Group lifted their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.27.

Dutch Bros Stock Up 0.1 %

The company has a market capitalization of $8.69 billion, a P/E ratio of 194.32, a PEG ratio of 3.89 and a beta of 2.72. 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 50 day moving average of $49.24 and a 200-day moving average of $40.19.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 80,720 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the transaction, the chairman now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 39.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros during the second quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the last quarter. Quest Partners LLC boosted its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the third quarter worth $36,000. 85.54% of the stock is currently owned by institutional investors.

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.