Dutch Bros (NYSE:BROS) Hits 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 stock traded as high as $59.18 and last traded at $57.41, with a volume of 2309550 shares trading hands. The stock had previously closed at $57.78.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price 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. JPMorgan Chase & Co. increased their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. UBS Group boosted their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $70.00 in a research report on Monday. Finally, Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $56.36.

Dutch Bros Stock Down 2.5 %

The company has a market cap of $8.65 billion, a P/E ratio of 193.49, a PEG ratio of 3.89 and a beta of 2.71. The stock has a 50-day moving average of $50.58 and a 200 day moving average of $40.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 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 firm earned $0.08 EPS. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Activity at Dutch Bros

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

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management increased its position in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Creative Planning grew its stake in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in shares of Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC raised its position in Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after purchasing an additional 500 shares during 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.