Dutch Bros (NYSE:BROS) Sets New 1-Year Low – Here’s What Happened

Dutch Bros Inc. (NYSE:BROSGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.89 and last traded at $41.9980, with a volume of 4573857 shares traded. The stock had previously closed at $44.05.

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

Analyst Upgrades and Downgrades

Several research firms have recently commented on BROS. Citigroup reissued a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th. Morgan Stanley upped their price objective on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Seaport Research Partners began coverage on Dutch Bros in a research report on Wednesday. They issued a “buy” rating and a $50.00 price objective for the company. TD Cowen decreased their target price on shares of Dutch Bros from $73.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, September 11th. Finally, Telsey Advisory Group upped their price target on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $76.45.

Check Out Our Latest Stock Analysis on Dutch Bros

Dutch Bros Stock Down 2.8%

The firm has a 50 day moving average of $54.70 and a two-hundred day moving average of $56.03. The stock has a market capitalization of $7.02 billion, a PE ratio of 55.82, a P/E/G ratio of 1.48 and a beta of 2.28. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROSGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. Dutch Bros’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts anticipate that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, Director Todd Penegor bought 2,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the acquisition, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. The trade was a 37.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 38.90% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. grew its position in shares of Dutch Bros by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares in the last quarter. AdvisorShares Investments LLC raised its position in shares of Dutch Bros by 7.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares in the last quarter. Arizona State Retirement System lifted its stake in Dutch Bros by 0.7% during the second quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock worth $2,522,000 after purchasing an additional 238 shares during the last quarter. Nemes Rush Group LLC lifted its stake in Dutch Bros by 25.9% during the fourth quarter. Nemes Rush Group LLC now owns 1,360 shares of the company’s stock worth $83,000 after purchasing an additional 280 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Dutch Bros by 63.8% during the first quarter. Brown Lisle Cummings Inc. now owns 819 shares of the company’s stock worth $41,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.

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