Dutch Bros (NYSE:BROS) Shares Down 7% - Time to Sell?

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) traded down 7% during mid-day trading on Friday . The company traded as low as $60.23 and last traded at $60.47. 2,095,462 shares traded hands during trading, a decline of 30% from the average session volume of 2,995,651 shares. The stock had previously closed at $65.01.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $78.36.

Dutch Bros Price Performance

The business has a fifty day moving average price of $67.93 and a 200 day moving average price of $53.08. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 179.99, a PEG ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

Institutional investors have recently modified their holdings of the stock. CWC Advisors LLC. purchased a new stake in Dutch Bros during the fourth quarter worth about $307,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $267,000. Copia Wealth Management purchased a new position in Dutch Bros during the fourth quarter worth $73,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dutch Bros during the fourth quarter worth about $5,700,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Dutch Bros during the 4th quarter worth about $2,585,000. 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.