Dutch Bros (NYSE:BROS) Reaches New 1-Year High at $42.90

Shares of Dutch Bros Inc. (NYSE:BROSGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $42.90 and last traded at $42.81, with a volume of 1749738 shares trading hands. The stock had previously closed at $42.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush raised their price objective on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research note on Friday, April 5th. Barclays increased their price objective on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Robert W. Baird upped their price target on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $39.55.

Read Our Latest Report on BROS

Dutch Bros Stock Down 4.3 %

The stock’s fifty day simple moving average is $37.27 and its two-hundred day simple moving average is $32.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 219.23, a PEG ratio of 6.46 and a beta of 2.53.

Dutch Bros (NYSE:BROSGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 54,359 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the transaction, the chairman now directly owns 1,281,743 shares of the company’s stock, valued at approximately $46,168,382.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the completion of the sale, the insider now directly owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 54,359 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total value of $1,958,011.18. Following the completion of the transaction, the chairman now owns 1,281,743 shares of the company’s stock, valued at approximately $46,168,382.86. The disclosure for this sale can be found here. Insiders sold 1,228,068 shares of company stock worth $44,765,154 in the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of BROS. Vanguard Group Inc. increased its position in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Wasatch Advisors LP bought a new stake in Dutch Bros in the first quarter worth approximately $41,988,000. Joho Capital LLC increased its stake in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Dutch Bros in the 1st quarter valued at $23,137,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(Get Free Report)

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.

Further Reading

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