Dutch Bros (NYSE:BROS) Sets New 1-Year Low – Time to Sell?

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week low on Thursday . The company traded as low as $44.05 and last traded at $44.4210, with a volume of 300299 shares traded. The stock had previously closed at $44.96.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of recent research reports. TD Cowen cut their price target on Dutch Bros from $73.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a report on Thursday. Oppenheimer lifted their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Piper Sandler boosted their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Finally, Stephens restated an “overweight” rating and issued a $80.00 price target on shares of Dutch Bros in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.45.

Dutch Bros Trading Up 1.1%

The firm has a 50-day moving average of $56.65 and a 200 day moving average of $56.25. The company has a market cap of $7.67 billion, a P/E ratio of 60.99, a price-to-earnings-growth ratio of 1.55 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:BROS) last released its quarterly earnings data 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 net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same quarter in the previous year, the business posted $0.26 EPS. Dutch Bros’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, analysts predict that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In related news, Director Todd Penegor acquired 2,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $51.56 per share, with a total value of $103,120.00. Following the completion of the purchase, the director directly owned 7,358 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 38.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of BROS. Osterweis Capital Management Inc. purchased a new position in Dutch Bros in the second quarter worth $27,000. Ancora Advisors LLC purchased a new stake in shares of Dutch Bros during the 2nd quarter valued at $29,000. Rakuten Securities Inc. increased its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $31,000. Finally, Quarry LP raised its stake in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.