Dutch Bros (NYSE:BROS) Reaches New 52-Week Low – Here’s What Happened

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 changing hands. The stock had previously closed at $48.02.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BROS. TD Cowen reiterated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research report on Friday, February 13th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Monday, February 9th. Wolfe Research started coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.73.

Dutch Bros Trading Down 2.0%

The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 73.87, a PEG ratio of 1.86 and a beta of 2.54. The business has a fifty day moving average of $53.72 and a two-hundred day 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.

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

Institutional Investors Weigh In On Dutch Bros

Large investors have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the second quarter worth about $27,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Ankerstar Wealth LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth approximately $31,000. Finally, Quarry LP raised its position in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

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.