Dutch Bros (NYSE:BROS) Hits New 52-Week High – Still a Buy?

Dutch Bros Inc. (NYSE:BROS)’s share price hit a new 52-week high on Wednesday . The company traded as high as $59.18 and last traded at $57.41, with a volume of 2309550 shares changing hands. The stock had previously closed at $57.78.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BROS. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $70.00 in a report on Tuesday. UBS Group boosted their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Wedbush increased their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of “Buy” and a consensus price target of $56.36.

Dutch Bros Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 193.49, a P/E/G ratio of 3.89 and a beta of 2.71. The stock has a 50 day moving average price of $50.58 and a two-hundred day moving average price of $40.57.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock worth $19,040,697 over the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros in the 4th quarter valued at about $41,000. Watts Gwilliam & Co. LLC bought a new stake in Dutch Bros in the fourth quarter valued at approximately $304,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $50,000. Virtu Financial LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $573,000. Finally, Geode Capital Management LLC boosted its stake in shares of Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after acquiring an additional 397,754 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.