Dutch Bros Inc. (NYSE:BROS - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.92 and last traded at $61.19, with a volume of 622346 shares changing hands. The stock had previously closed at $59.59.
Analyst Upgrades and Downgrades
BROS has been the topic of a number of research analyst reports. Wedbush increased their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Piper Sandler increased their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Robert W. Baird raised shares of Dutch Bros from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $70.00 in a research report on Monday, January 6th. Finally, Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $60.09.
Get Our Latest Analysis on BROS
Dutch Bros Stock Down 1.0 %
The company has a market cap of $9.65 billion, a P/E ratio of 215.76, a price-to-earnings-growth ratio of 3.54 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a fifty day moving average price of $55.85 and a two-hundred day moving average price of $42.75.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. During the same period last year, the business earned $0.08 EPS. The business's revenue was up 27.9% on a year-over-year basis. On average, research analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current year.
Insiders Place Their Bets
In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.50% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dutch Bros
A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. R Squared Ltd purchased a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $25,000. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Dutch Bros in the 3rd quarter valued at $36,000. Finally, nVerses Capital LLC purchased a new position in shares of Dutch Bros during the 3rd quarter valued at $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.
Dutch Bros Company Profile
(
Get Free Report)
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.
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