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

Dutch Bros Inc. (NYSE:BROS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $54.90 and last traded at $54.79, with a volume of 350283 shares changing hands. The stock had previously closed at $53.73.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BROS shares. Stifel Nicolaus increased their price target on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Robert W. Baird lifted 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 boosted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Barclays increased their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Stock Performance

The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $39.08 and a 200 day moving average price of $37.29. The stock has a market cap of $8.36 billion, a PE ratio of 185.28, a P/E/G ratio of 3.95 and a beta of 2.47.

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

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now owns 512,300 shares in the company, valued at approximately $16,593,397. This trade represents a 26.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new stake in Dutch Bros during the 3rd quarter worth about $224,461,000. Wasatch Advisors LP boosted its holdings in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter worth $57,435,000. Wellington Management Group LLP raised its stake in Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after buying an additional 1,109,370 shares during the period. 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.