Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s stock price rose 6.1% during trading on Thursday . The company traded as high as $77.17 and last traded at $76.73. Approximately 2,325,346 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 3,181,128 shares. The stock had previously closed at $72.33.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Piper Sandler cut their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. Wedbush reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Barclays boosted their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $75.73.
Read Our Latest Stock Report on BROS
Dutch Bros Stock Down 0.5%
The business's fifty day moving average price is $63.28 and its two-hundred day moving average price is $62.15. The firm has a market capitalization of $11.95 billion, a P/E ratio of 214.07, a PEG ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.
Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business's revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the transaction, the chairman now owns 2,099,499 shares in the company, valued at $138,461,959.05. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider now owns 2,373,933 shares of the company's stock, valued at $170,970,654.66. This represents a 18.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 over the last ninety days. Company insiders own 42.40% of the company's stock.
Hedge Funds Weigh In On Dutch Bros
A number of large investors have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC lifted 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 valued at $27,000 after purchasing an additional 447 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros during the first quarter worth $31,000. Banque Transatlantique SA bought a new stake in Dutch Bros in the 1st quarter valued at about $38,000. Finally, Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the 4th quarter valued at about $43,000. Hedge funds and other 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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