Dutch Bros (NYSE:BROS) Sets New 12-Month High – Should You Buy?

Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.14 and last traded at $53.14, with a volume of 501994 shares trading hands. The stock had previously closed at $51.91.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BROS. Wedbush increased their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler raised their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Barclays boosted their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Price Performance

The business’s 50 day moving average price is $38.33 and its 200-day moving average price is $37.04. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.19 billion, a PE ratio of 183.25, a price-to-earnings-growth ratio of 4.16 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 71.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. The trade was a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the 2nd quarter worth about $27,000. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $36,000. 85.54% of the stock is currently owned by institutional investors.

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.