Dutch Bros (NYSE:BROS) Reaches New 1-Year High – Should You Buy?

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.18 and last traded at $57.41, with a volume of 2309550 shares traded. The stock had previously closed at $57.78.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BROS shares. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $70.00 in a research note on Tuesday. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research report on Monday. JPMorgan Chase & Co. upped their price objective on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, UBS Group lifted their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $56.36.

Dutch Bros Trading Down 0.6 %

The firm has a fifty day moving average of $50.12 and a two-hundred day moving average of $40.46. The company has a market cap of $8.85 billion, a PE ratio of 197.97, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

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

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 285,462 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents a 96.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 560,698 shares of company stock worth $19,040,697. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the third quarter worth $224,461,000. Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares during the period. Renaissance Technologies LLC purchased a new position in Dutch Bros during the second quarter worth about $57,435,000. Wellington Management Group LLP increased its stake in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.