Dutch Bros (NYSE:BROS) Hits New 12-Month High – Here’s What Happened

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.92 and last traded at $61.19, with a volume of 622346 shares trading hands. The stock had previously closed at $59.59.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BROS shares. Wedbush increased their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America lifted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $60.09.

Dutch Bros Price Performance

The company has a fifty day moving average of $55.21 and a 200-day moving average of $42.33. The firm has a market cap of $9.44 billion, a P/E ratio of 211.22, a P/E/G ratio of 3.34 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the sale, the insider now owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 285,462 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 value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 96.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 439,655 shares of company stock worth $14,679,518 in the last quarter. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Dutch Bros during the fourth quarter valued at about $25,000. Jamison Private Wealth Management Inc. increased its stake in 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 purchasing an additional 500 shares during the period. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Dutch Bros during the third quarter valued at about $36,000. Finally, nVerses Capital LLC bought a new position in shares of Dutch Bros during the third quarter valued at about $38,000. 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.