Dutch Bros (NYSE:BROS) Sets New 1-Year Low – Time to Sell?

Dutch Bros Inc. (NYSE:BROS) hit a new 52-week low on Thursday . The company traded as low as $44.05 and last traded at $44.4210, with a volume of 300299 shares. The stock had previously closed at $44.96.

Wall Street Analyst Weigh In

BROS has been the subject of several recent research reports. UBS Group restated a “neutral” rating on shares of Dutch Bros in a research note on Thursday. Citigroup reiterated a “buy” rating on shares of Dutch Bros in a research report on Thursday, August 6th. TD Cowen reissued a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Finally, DA Davidson decreased their price target on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.15.

Dutch Bros Stock Down 1.9%

The firm has a 50 day simple moving average of $57.79 and a two-hundred day simple moving average of $56.37. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.71 billion, a P/E ratio of 61.35, a PEG ratio of 1.64 and a beta of 2.28.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, equities research analysts expect that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Dutch Bros

In related news, Director Todd Penegor acquired 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the transaction, the director directly owned 7,358 shares in the company, valued at $379,378.48. This trade represents a 37.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Dutch Bros

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in Dutch Bros by 7,083.4% in the 2nd quarter. California State Teachers Retirement System now owns 10,560,379 shares of the company’s stock worth $758,341,000 after purchasing an additional 10,413,368 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Dutch Bros in the fourth quarter valued at about $113,880,000. Westfield Capital Management Co. LP acquired a new stake in shares of Dutch Bros during the fourth quarter valued at about $108,948,000. Norges Bank acquired a new stake in shares of Dutch Bros during the fourth quarter valued at about $96,951,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Dutch Bros by 196.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after purchasing an additional 1,203,338 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.