Dutch Bros (NYSE:BROS) Stock Price Down 5.5% - What's Next?

Key Points

• Dutch Bros Inc. shares dropped 5.5% to $55.39, with trading volume increasing by 26% compared to the average.
• Analysts have mixed views, with a consensus rating of "Buy" and an average price target of $80.06, but Goldman Sachs giving a "neutral" rating.
• Insider trading revealed significant sales, including Chairman Travis Boersma selling 787,681 shares and a recent 42.40% ownership by insiders.

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) dropped 5.5% on Monday . The company traded as low as $55.43 and last traded at $55.39. Approximately 4,096,878 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 3,258,257 shares. The stock had previously closed at $58.62.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Guggenheim boosted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Morgan Stanley reissued an "overweight" rating and issued a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. TD Cowen restated a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a report on Tuesday, August 19th. Melius Research raised Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group initiated coverage on Dutch Bros in a research report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $80.06.

Dutch Bros Price Performance

The company has a 50 day moving average price of $64.17 and a 200 day moving average price of $64.62. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 118.63, a PEG ratio of 3.24 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 27.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 1,250,371 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the sale, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 49.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock valued at $207,633,882 in the last quarter. Company insiders own 42.40% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently bought and sold shares of the stock. Berkshire Capital Holdings Inc. bought a new position in shares of Dutch Bros during the first quarter valued at approximately $6,438,000. Jump Financial LLC boosted its stake in shares of Dutch Bros by 47.3% during the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company's stock worth $13,816,000 after acquiring an additional 71,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth $267,000. West Michigan Advisors LLC purchased a new position in shares of Dutch Bros during the 1st quarter valued at $401,000. Finally, Woodline Partners LP increased its holdings in Dutch Bros by 772.6% in the 1st quarter. Woodline Partners LP now owns 209,027 shares of the company's stock valued at $12,905,000 after acquiring an additional 185,072 shares during the last quarter. 85.54% of the stock is owned by 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.