Dutch Bros (NYSE:BROS) Sets New 52-Week High at $39.30

Dutch Bros Inc. (NYSE:BROSGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $39.30 and last traded at $39.13, with a volume of 1697266 shares. The stock had previously closed at $38.39.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. Wedbush raised their price target on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. TD Cowen reissued a “buy” rating and issued a $46.00 price target on shares of Dutch Bros in a report on Wednesday. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Finally, Guggenheim reissued a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.78.

Read Our Latest Analysis on Dutch Bros

Dutch Bros Trading Down 1.7 %

The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 210.96, a PEG ratio of 5.83 and a beta of 2.50. The firm has a 50-day moving average of $32.83 and a 200 day moving average of $30.63.

Dutch Bros (NYSE:BROSGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. As a group, equities analysts predict that Dutch Bros Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of Dutch Bros stock in a transaction on Monday, March 11th. The stock was sold at an average price of $32.04, for a total transaction of $2,762,136.36. Following the transaction, the insider now directly owns 1,510,879 shares in the company, valued at approximately $48,408,563.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of Dutch Bros stock in a transaction on Monday, March 11th. The stock was sold at an average price of $32.04, for a total transaction of $2,762,136.36. Following the transaction, the insider now directly owns 1,510,879 shares in the company, valued at approximately $48,408,563.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the transaction, the chief operating officer now 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 ninety days, insiders have sold 9,897,907 shares of company stock worth $338,873,481. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Dutch Bros by 42.9% during the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock worth $199,526,000 after acquiring an additional 2,578,145 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after acquiring an additional 1,661,778 shares in the last quarter. Joho Capital LLC boosted its stake in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after acquiring an additional 1,106,511 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of Dutch Bros in the first quarter worth $41,988,000. Finally, American Century Companies Inc. boosted its position in shares of Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after buying an additional 773,616 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.