Dutch Bros (NYSE:BROS) Hits New 1-Year High at $41.36

Dutch Bros Inc. (NYSE:BROS) shares hit a new 52-week high on Wednesday . The company traded as high as $41.36 and last traded at $40.63, with a volume of 832994 shares changing hands. The stock had previously closed at $40.67.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BROS. Barclays upped their target price on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Guggenheim restated a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Bank of America upped their target price on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. upped their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.30.

Dutch Bros Stock Up 1.6 %

The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $7.46 billion, a P/E ratio of 234.01, a PEG ratio of 6.26 and a beta of 2.50. The firm has a 50-day moving average price of $34.94 and a two-hundred day moving average price of $31.74.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $275.10 million during the quarter, compared to analysts’ expectations of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. Equities research analysts anticipate that Dutch Bros Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 54,359 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $1,958,011.18. Following the completion of the transaction, the chairman now directly owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 54,359 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the transaction, the chairman now directly owns 1,281,743 shares in the company, valued at $46,168,382.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now owns 2,116,783 shares of the company’s stock, valued at $76,246,523.66. The disclosure for this sale can be found here. Insiders sold a total of 1,228,068 shares of company stock valued at $44,765,154 over the last ninety days. 46.50% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC increased its stake in shares of Dutch Bros by 8.8% in the first quarter. Cetera Advisors LLC now owns 63,584 shares of the company’s stock valued at $2,098,000 after buying an additional 5,139 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Dutch Bros by 537.1% in the first quarter. Cetera Investment Advisers now owns 89,619 shares of the company’s stock valued at $2,957,000 after buying an additional 75,553 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Dutch Bros in the first quarter valued at $319,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Dutch Bros in the first quarter valued at $287,000. Finally, California State Teachers Retirement System increased its stake in shares of Dutch Bros by 34.7% in the first quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock valued at $2,217,000 after buying an additional 17,290 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.