Dutch Bros (NYSE:BROS) Sets New 1-Year High – Still a Buy?

Dutch Bros Inc. (NYSE:BROS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $59.40 and last traded at $59.21, with a volume of 1260001 shares traded. The stock had previously closed at $55.77.

Analyst Ratings Changes

A number of research analysts recently issued reports on BROS shares. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus increased their target price on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $57.18.

Dutch Bros Stock Performance

The firm has a market capitalization of $9.04 billion, a P/E ratio of 202.14, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company has a 50-day moving average of $51.98 and a 200-day moving average of $40.89. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) 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 company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the company earned $0.08 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This trade represents a 96.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now directly owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BROS. Hollencrest Capital Management boosted its stake 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 buying an additional 314 shares during the last quarter. Creative Planning increased its position in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares during the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Dutch Bros by 4.6% during the 3rd 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 period. Jamison Private Wealth Management Inc. boosted 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 buying an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.