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

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BROS shares. UBS Group decreased their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. Wells Fargo & Company began coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target for the company. Robert W. Baird increased their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Wedbush reissued an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $75.73.

Dutch Bros Stock Up 3.5%

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market cap of $11.60 billion, a PE ratio of 207.52, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The business has a fifty day moving average of $65.08 and a 200-day moving average of $63.09.

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

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of Dutch Bros stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $10,599,173.28. Following the transaction, the insider now directly owns 2,218,611 shares of the company's stock, valued at $151,398,014.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman now directly owns 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 over the last three months. 42.40% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of BROS. Gould Capital LLC grew its holdings in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after purchasing an additional 192 shares during the last quarter. Copia Wealth Management boosted its position in shares of Dutch Bros by 14.7% in the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after purchasing an additional 205 shares in the last quarter. Amalgamated Bank grew its stake in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after buying an additional 220 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after buying an additional 260 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

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.