Dutch Bros (NYSE:BROS) Shares Down 6.1% – Should You Sell?

Shares of Dutch Bros Inc. (NYSE:BROS) traded down 6.1% during trading on Monday . The company traded as low as $51.90 and last traded at $52.4740. 1,197,502 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 4,733,703 shares. The stock had previously closed at $55.88.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 2nd. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 price objective for the company. Finally, TD Cowen reiterated a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $75.52.

Dutch Bros Price Performance

The stock’s fifty day moving average price is $52.03 and its 200-day moving average price is $55.69. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 84.31, a P/E/G ratio of 2.04 and a beta of 2.50. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The business’s revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in shares of Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after buying an additional 407,528 shares during the last quarter. Ninety One UK Ltd increased its holdings in Dutch Bros by 1.5% in the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after purchasing an additional 39,781 shares during the last quarter. Invesco Ltd. increased its holdings in Dutch Bros by 4.0% in the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after purchasing an additional 93,515 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dutch Bros by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares during the last quarter. Finally, State Street Corp increased its holdings in Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after purchasing an additional 35,854 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.