Dutch Bros (NYSE:BROS) Hits New 1-Year Low After Analyst Downgrade

Dutch Bros Inc. (NYSE:BROS)’s share price hit a new 52-week low on Monday after DA Davidson lowered their price target on the stock from $85.00 to $60.00. DA Davidson currently has a buy rating on the stock. Dutch Bros traded as low as $37.41 and last traded at $38.15, with a volume of 255329 shares trading hands. The stock had previously closed at $37.89.

Several other equities analysts also recently commented on BROS. TD Cowen reiterated a “buy” rating and issued a $59.00 target price on shares of Dutch Bros in a research report on Friday, September 18th. Royal Bank Of Canada dropped their price objective on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, August 24th. Morgan Stanley raised their price target on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Melius Research decreased their price objective on Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a report on Friday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.23.

Insider Transactions at Dutch Bros

In related news, Director Todd Penegor purchased 2,000 shares of Dutch Bros stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the completion of the acquisition, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. This trade represents a 37.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 38.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NorthRock Partners LLC acquired a new stake in Dutch Bros in the second quarter valued at approximately $256,000. Integrated Wealth Concepts LLC grew its position in Dutch Bros by 16.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,004 shares of the company’s stock valued at $790,000 after purchasing an additional 1,525 shares during the period. Maven Securities LTD bought a new stake in Dutch Bros during the 2nd quarter valued at $829,000. NewEdge Advisors LLC raised its holdings in Dutch Bros by 12.3% during the second quarter. NewEdge Advisors LLC now owns 4,810 shares of the company’s stock worth $345,000 after buying an additional 528 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Dutch Bros by 7.4% in the second quarter. Baird Financial Group Inc. now owns 524,569 shares of the company’s stock valued at $37,669,000 after buying an additional 35,925 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Price Performance

The stock has a market capitalization of $6.66 billion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 1.35 and a beta of 2.28. The business’s 50 day simple moving average is $51.44 and its two-hundred day simple moving average is $55.43. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Dutch Bros Company Profile

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.