Dutch Bros (NYSE:BROS) Trading Down 8.6% – What’s Next?

Shares of Dutch Bros Inc. (NYSE:BROS) were down 8.6% during mid-day trading on Monday . The company traded as low as $57.36 and last traded at $58.37. Approximately 1,441,718 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 3,127,275 shares. The stock had previously closed at $63.86.

Analyst Ratings Changes

A number of brokerages have commented on BROS. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. TD Securities lifted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus upped their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $75.75.

Dutch Bros Price Performance

The company has a market capitalization of $8.96 billion, a PE ratio of 170.81, a PEG ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average price is $65.64 and its 200-day moving average price is $49.44.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares during the period. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $43,000. Finally, Gould Capital LLC boosted its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after purchasing an additional 140 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.