Dutch Bros (NYSE:BROS) Reaches New 1-Year Low – What’s Next?

Dutch Bros Inc. (NYSE:BROS)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $44.58 and last traded at $46.17, with a volume of 1062958 shares trading hands. The stock had previously closed at $48.02.

Wall Street Analyst Weigh In

BROS has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Dutch Bros in a report on Friday, February 13th. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 2nd. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research note on Monday, February 9th. Wolfe Research initiated coverage on shares of Dutch Bros in a research note on Monday, March 9th. They set an “outperform” rating and a $77.00 price target on the stock. Finally, KeyCorp reiterated an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.73.

Dutch Bros Stock Down 2.0%

The firm has a fifty day simple moving average of $53.72 and a 200 day simple moving average of $56.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The company has a market cap of $7.74 billion, a PE ratio of 73.87, a PEG ratio of 1.86 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The business had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s revenue was up 29.4% on a year-over-year basis. Equities research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $27,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Dutch Bros during the 4th quarter worth $31,000. Rakuten Securities Inc. raised its position in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the period. Ankerstar Wealth LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth $31,000. Finally, Quarry LP boosted its holdings in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.