Dutch Bros (NYSE:BROS) Stock Price Down 7.1% - Should You Sell?

Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s stock price traded down 7.1% on Friday . The company traded as low as $66.33 and last traded at $66.32. 1,223,844 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 3,158,124 shares. The stock had previously closed at $71.40.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Robert W. Baird boosted their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. TD Securities reaffirmed a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, Piper Sandler cut their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One investment 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 stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and a consensus target price of $75.73.

Dutch Bros Stock Down 4.7%

The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $11.19 billion, a P/E ratio of 200.05, a PEG ratio of 4.23 and a beta of 2.73. The business has a 50-day simple moving average of $65.08 and a two-hundred day simple moving average of $63.02.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The business's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Travis Boersma sold 531,526 shares of the company's stock in a transaction 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 transaction, the chairman 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40. Following the transaction, the insider now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This trade represents a 5.37% 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 90 days. 42.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in Dutch Bros in the first quarter valued at about $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the first quarter valued at about $31,000. Coppell Advisory Solutions LLC increased its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Banque Transatlantique SA bought a new stake in Dutch Bros in the first quarter valued at about $38,000. Finally, Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the fourth quarter valued at about $43,000. Institutional investors 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.