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 during trading on Thursday . The company traded as high as $56.41 and last traded at $56.18, with a volume of 1618038 shares changing hands. The stock had previously closed at $52.38.

Analyst Ratings Changes

A number of analysts have recently issued reports on BROS shares. Piper Sandler lifted their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Barclays raised their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.27.

Dutch Bros Stock Up 6.1 %

The firm has a 50-day moving average of $48.41 and a two-hundred day moving average of $39.95. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $8.57 billion, a PE ratio of 191.73, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. Equities research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction dated 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 approximately $4,527,926.13. This represents a 39.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction dated 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 completion of the transaction, the insider now directly owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents 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. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Dutch Bros during the 3rd quarter worth about $573,000. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the third quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. raised its holdings in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after acquiring an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dutch Bros by 38.0% in the third 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 acquiring an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Dutch Bros during the 3rd quarter worth approximately $1,786,000. 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.