Dutch Bros (NYSE:BROS) Stock Price Down 8.2% - Here's Why

Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s share price dropped 8.2% on Tuesday . The stock traded as low as $69.84 and last traded at $70.10. Approximately 1,502,369 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 3,041,020 shares. The stock had previously closed at $76.34.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent research reports. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Bank of America increased their target price on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. TD Securities increased their target price on Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and a consensus target price of $75.75.

Dutch Bros Price Performance

The firm has a fifty day moving average price of $65.43 and a two-hundred day moving average price of $48.97. The stock has a market capitalization of $9.83 billion, a P/E ratio of 187.58, 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 Activity

In related news, Chairman Travis Boersma sold 471,718 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the transaction, the chairman now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently bought and sold shares of BROS. Copia Wealth Management purchased a new stake in Dutch Bros in the 4th quarter worth $73,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dutch Bros in the 4th quarter worth $5,700,000. Jefferies Financial Group Inc. purchased a new stake in Dutch Bros in the 4th quarter worth $2,585,000. Bernard Wealth Management Corp. purchased a new stake in Dutch Bros in the 4th quarter worth $43,000. Finally, Gould Capital LLC increased its stake in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

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.