Dutch Bros (NYSE:BROS) Shares Up 5.1% – Time to Buy?

Dutch Bros Inc. (NYSE:BROS) shares were up 5.1% on Friday. The company traded as high as $35.31 and last traded at $35.4190. Approximately 3,681,185 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 4,406,697 shares. The stock had previously closed at $33.71.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Mizuho set a $55.00 target price on Dutch Bros in a report on Thursday, November 5th. TD Cowen cut their price target on Dutch Bros from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, November 5th. KeyCorp lowered their price objective on Dutch Bros from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, November 5th. Morgan Stanley dropped their target price on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Melius Research cut their target price on Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Dutch Bros Price Performance

The stock has a 50-day simple moving average of $40.38 and a 200 day simple moving average of $52.38. The company has a market cap of $6.22 billion, a PE ratio of 45.68, a P/E/G ratio of 1.18 and a beta of 1.97. The company has a quick ratio of 0.88, a current ratio of 1.03 and a debt-to-equity ratio of 0.19.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a return on equity of 10.46% and a net margin of 5.08%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. Equities analysts expect that Dutch Bros Inc. will post 0.81 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of Dutch Bros stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $16,070,773.32. Following the completion of the sale, the insider owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of Dutch Bros stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the sale, the chairman owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This trade represents a 43.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,044,220 shares of company stock worth $179,732,644 over the last three months. Insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in shares of Dutch Bros by 0.4% in the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after purchasing an additional 211 shares in the last quarter. Arizona State Retirement System increased its position in shares of Dutch Bros by 0.7% during the second quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock worth $2,522,000 after acquiring an additional 238 shares during the period. GAMMA Investing LLC increased its position in shares of Dutch Bros by 12.7% during the second quarter. GAMMA Investing LLC now owns 2,927 shares of the company’s stock worth $210,000 after acquiring an additional 329 shares during the period. Parallel Advisors LLC raised its stake in shares of Dutch Bros by 1.9% in the third quarter. Parallel Advisors LLC now owns 20,080 shares of the company’s stock valued at $774,000 after acquiring an additional 377 shares in the last quarter. Finally, Carlson Financial Inc. raised its stake in shares of Dutch Bros by 1.8% in the second quarter. Carlson Financial Inc. now owns 21,239 shares of the company’s stock valued at $1,525,000 after acquiring an additional 385 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.