Dutch Bros (NYSE:BROS) Shares Up 5.1% – What’s Next?

Dutch Bros Inc. (NYSE:BROS) rose 5.1% on Friday. The stock traded as high as $35.31 and last traded at $35.4190. 3,681,185 shares traded hands during trading, a decline of 16% from the average daily volume of 4,406,697 shares. The stock had previously closed at $33.71.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of analyst reports. TD Cowen reduced their price target on Dutch Bros from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Seaport Research Partners started coverage on Dutch Bros in a research report on Wednesday, September 16th. They set a “buy” rating and a $50.00 price objective for the company. Robert W. Baird lowered their price objective on Dutch Bros from $82.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Royal Bank Of Canada set a $50.00 target price on shares of Dutch Bros in a research note on Thursday, November 5th. Finally, Stephens reduced their target price on shares of Dutch Bros from $65.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $61.08.

Dutch Bros Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 0.88. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 1.18 and a beta of 1.97. The stock has a 50 day simple moving average of $40.38 and a two-hundred day simple moving average of $52.38.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a return on equity of 10.46% and a net margin of 5.08%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. As a group, analysts anticipate that Dutch Bros Inc. will post 0.81 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the sale, the insider owned 1,366,580 shares in the company, valued at $61,127,123.40. The trade was a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total value of $46,171,021.68. Following the sale, the chairman owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. The trade was a 43.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,044,220 shares of company stock worth $179,732,644 in the last three months. Corporate insiders own 38.90% of the company’s stock.

Institutional Trading of Dutch Bros

Institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $29,000. GK Wealth Management LLC acquired a new stake in Dutch Bros during the 3rd quarter worth $56,000. Bessemer Group Inc. raised its stake in Dutch Bros by 243.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,420 shares of the company’s stock worth $56,000 after acquiring an additional 1,007 shares in the last quarter. State of Wyoming acquired a new stake in Dutch Bros during the 3rd quarter worth $66,000. Finally, Harbour Investments Inc. lifted its position in Dutch Bros by 72.2% in the third quarter. Harbour Investments Inc. now owns 1,879 shares of the company’s stock valued at $72,000 after acquiring an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.