Dutch Bros (NYSE:BROS) Reaches New 12-Month High at $36.32

Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.32 and last traded at $36.07, with a volume of 4294186 shares changing hands. The stock had previously closed at $35.18.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BROS. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Piper Sandler upgraded Dutch Bros from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. TD Cowen upgraded Dutch Bros from a "hold" rating to a "buy" rating and upped their target price for the company from $33.00 to $46.00 in a report on Friday. Stifel Nicolaus restated a "buy" rating and set a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. Finally, Barclays upped their price objective on shares of Dutch Bros from $30.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Dutch Bros Stock Performance

The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.39 billion, a P/E ratio of 195.34, a price-to-earnings-growth ratio of 4.78 and a beta of 2.43. The firm's 50-day moving average is $31.57 and its two-hundred day moving average is $29.41.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. As a group, research analysts expect that Dutch Bros Inc. will post 0.27 EPS for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian Maxwell sold 1,474 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,988,682 shares of company stock worth $564,373,806. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Dutch Bros in the fourth quarter worth $40,000. Avior Wealth Management LLC grew its position in Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company's stock worth $41,000 after purchasing an additional 1,208 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company's stock worth $51,000 after purchasing an additional 471 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Dutch Bros by 31.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company's stock valued at $79,000 after buying an additional 590 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Dutch Bros by 661.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the company's stock valued at $81,000 after buying an additional 2,217 shares during the period. 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.

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