Dutch Bros Inc. (NYSE:BROS - Get Free Report) traded up 4.9% during trading on Monday . The company traded as high as $68.89 and last traded at $68.75. 1,402,715 shares were traded during trading, a decline of 56% from the average session volume of 3,188,292 shares. The stock had previously closed at $65.52.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. TD Securities reiterated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. TD Cowen reiterated a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a research report on Tuesday, August 19th. Finally, Barclays boosted their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $79.76.
View Our Latest Stock Analysis on Dutch Bros
Dutch Bros Trading Up 5.9%
The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The firm has a market cap of $11.41 billion, a PE ratio of 147.64, a PEG ratio of 3.68 and a beta of 2.63. The stock's fifty day simple moving average is $64.65 and its two-hundred day simple moving average is $65.82.
Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.26 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 the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. On average, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Marshall Wace LLP lifted its holdings in shares of Dutch Bros by 139.2% during the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company's stock valued at $171,593,000 after buying an additional 1,460,376 shares during the period. Norges Bank purchased a new position in Dutch Bros during the second quarter valued at $93,525,000. BNP Paribas Financial Markets grew its holdings in Dutch Bros by 1,572.2% during the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock valued at $70,661,000 after purchasing an additional 1,076,045 shares during the period. Invesco Ltd. increased its position in Dutch Bros by 70.9% in the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company's stock worth $159,517,000 after buying an additional 967,861 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock worth $211,163,000 after buying an additional 788,100 shares in the last quarter. Institutional investors own 85.54% of the company's stock.
About Dutch Bros
(
Get Free Report)
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.
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