Dutch Bros (NYSE:BROS) Reaches New 52-Week High – Here’s Why

Dutch Bros Inc. (NYSE:BROS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $59.40 and last traded at $59.21, with a volume of 1260001 shares traded. The stock had previously closed at $55.77.

Analyst Ratings Changes

A number of research firms have recently weighed in on BROS. JPMorgan Chase & Co. increased their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $57.18.

Dutch Bros Stock Performance

The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 202.14, a P/E/G ratio of 3.89 and a beta of 2.71. The stock’s 50 day moving average price is $51.98 and its 200 day moving average price is $40.89. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 39.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 560,698 shares of company stock worth $19,040,697. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the third quarter valued at approximately $224,461,000. Wasatch Advisors LP lifted its position in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros during the 2nd quarter worth $57,435,000. Wellington Management Group LLP increased its position in shares of Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after purchasing an additional 741,771 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.