Dutch Bros (NYSE:BROS) Sets New 12-Month High at $39.30

Dutch Bros Inc. (NYSE:BROSGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.30 and last traded at $39.13, with a volume of 1697266 shares trading hands. The stock had previously closed at $38.39.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wedbush lifted their target price on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 3rd. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research note on Friday, April 5th. Finally, Barclays increased their price objective on Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.78.

Get Our Latest Stock Analysis on Dutch Bros

Dutch Bros Stock Down 1.7 %

The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 210.96, a price-to-earnings-growth ratio of 5.83 and a beta of 2.50. The company has a 50-day moving average of $32.83 and a 200-day moving average of $30.63.

Dutch Bros (NYSE:BROSGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business had revenue of $275.10 million for the quarter, compared to analyst estimates of $255.71 million. On average, equities analysts predict that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $32.04, for a total transaction of $2,762,136.36. Following the completion of the transaction, the insider now owns 1,510,879 shares of the company’s stock, valued at $48,408,563.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 296,603 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $34.31, for a total value of $10,176,448.93. Following the completion of the transaction, the chairman now directly owns 721,238 shares of the company’s stock, valued at $24,745,675.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $32.04, for a total transaction of $2,762,136.36. Following the sale, the insider now directly owns 1,510,879 shares in the company, valued at approximately $48,408,563.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,897,907 shares of company stock worth $338,873,481. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 27.5% during the third quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company’s stock worth $720,000 after purchasing an additional 6,681 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Dutch Bros in the third quarter valued at about $204,000. Arizona State Retirement System lifted its stake in shares of Dutch Bros by 14.0% in the third quarter. Arizona State Retirement System now owns 11,702 shares of the company’s stock worth $272,000 after buying an additional 1,441 shares in the last quarter. Barclays PLC lifted its stake in shares of Dutch Bros by 181.7% in the third quarter. Barclays PLC now owns 18,774 shares of the company’s stock worth $437,000 after buying an additional 12,109 shares in the last quarter. Finally, Swiss National Bank boosted its position in Dutch Bros by 50.6% during the third quarter. Swiss National Bank now owns 119,900 shares of the company’s stock worth $2,788,000 after acquiring an additional 40,300 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

(Get Free Report)

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.

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