Dutch Bros (NYSE:BROS) Sets New 52-Week High – Time to Buy?

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high during trading on Thursday . The stock 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 Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird boosted their target price on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Barclays boosted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $51.27.

Dutch Bros Stock Up 0.1 %

The firm has a market capitalization of $8.69 billion, a P/E ratio of 194.32, a PEG ratio of 3.89 and a beta of 2.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a 50 day moving average of $49.24 and a 200-day moving average of $40.19.

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

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 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 transaction of $3,867,206.52. Following the completion of the transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock worth $19,040,697 over the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BROS. Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros during the third quarter valued at approximately $50,000. Virtu Financial LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at $573,000. Geode Capital Management LLC lifted its holdings in shares of Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after acquiring an additional 397,754 shares during the last quarter. Bullseye Asset Management LLC grew its position in Dutch Bros by 33.3% in the third quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company’s stock worth $256,000 after acquiring an additional 2,000 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Dutch Bros in the third quarter worth $436,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.