Dutch Bros (NYSE:BROS) Reaches New 12-Month High – Time to Buy?

Dutch Bros Inc. (NYSE:BROS) shares reached a new 52-week high on Tuesday . The stock traded as high as $64.21 and last traded at $64.10, with a volume of 183175 shares traded. The stock had previously closed at $63.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BROS shares. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Stifel Nicolaus boosted their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and raised their target price for the company from $60.00 to $70.00 in a research note on Monday, January 6th. Finally, UBS Group upped their price target 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. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $60.09.

Dutch Bros Stock Performance

The company’s 50 day simple moving average is $56.56 and its 200 day simple moving average is $43.28. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 226.53, a PEG ratio of 3.58 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

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

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Dutch Bros during the third quarter valued at about $573,000. Baillie Gifford & Co. acquired a new stake in Dutch Bros in the 3rd quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $288,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.