Dutch Bros (NYSE:BROS) Hits New 1-Year High – Still a Buy?

Dutch Bros Inc. (NYSE:BROS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $64.21 and last traded at $64.10, with a volume of 183175 shares traded. The stock had previously closed at $63.32.

Wall Street Analysts Forecast Growth

BROS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted 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. UBS Group increased their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $60.00 to $70.00 in a report on Monday, January 6th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their price objective on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.09.

Dutch Bros Price Performance

The business has a fifty day moving average of $56.56 and a 200 day moving average of $43.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market cap of $10.13 billion, a PE ratio of 226.53, a P/E/G ratio of 3.58 and a beta of 2.73.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Dutch Bros by 257.9% in the second quarter. Dimensional Fund Advisors LP now owns 154,598 shares of the company’s stock valued at $6,401,000 after buying an additional 111,398 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Dutch Bros by 102.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,084 shares of the company’s stock valued at $790,000 after acquiring an additional 9,671 shares during the last quarter. Creative Planning raised its position in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Dutch Bros during the second quarter worth $44,000. Finally, Cetera Investment Advisers lifted its stake in Dutch Bros by 13.6% during the second quarter. Cetera Investment Advisers now owns 101,849 shares of the company’s stock worth $4,217,000 after purchasing an additional 12,230 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.