Dutch Bros (NYSE:BROS) Shares Down 4.6%

Dutch Bros Inc. (NYSE:BROS)’s stock price traded down 4.6% on Monday . The stock traded as low as $28.53 and last traded at $28.59. 621,216 shares were traded during trading, a decline of 68% from the average session volume of 1,945,821 shares. The stock had previously closed at $29.97.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BROS shares. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Guggenheim reiterated a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a report on Friday, April 5th. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $37.00 in a research note on Monday, March 4th. TD Cowen reaffirmed a “hold” rating and issued a $33.00 target price on shares of Dutch Bros in a research report on Wednesday, April 10th. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.44.

Dutch Bros Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $5.10 billion, a PE ratio of 960.00 and a beta of 2.41. The firm’s fifty day simple moving average is $31.14 and its two-hundred day simple moving average is $28.94.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. As a group, research analysts expect that Dutch Bros Inc. will post 0.26 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the sale, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,907,188 shares of company stock valued at $561,438,392. 46.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its holdings in Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after purchasing an additional 415 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Dutch Bros in the fourth quarter worth approximately $40,000. Avior Wealth Management LLC boosted its holdings in Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after acquiring an additional 1,208 shares during the period. Allworth Financial LP grew its position in Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after purchasing an additional 590 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.