Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s share price was down 8.2% on Tuesday . The company traded as low as $69.84 and last traded at $70.10. Approximately 1,502,369 shares changed hands during 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
A number of research analysts have recently issued reports on BROS shares. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Jefferies Financial Group raised their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Wedbush lifted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $75.75.
View Our Latest Stock Analysis on BROS
Dutch Bros Price Performance
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company's 50-day moving average is $65.64 and its 200-day moving average is $49.44. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 170.81, a PEG ratio of 4.23 and a beta of 2.65.
Insider Activity
In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value 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 disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. Company insiders own 46.50% of the company's stock.
Institutional Investors Weigh In On Dutch Bros
A number of large investors have recently added to or reduced their stakes in BROS. R Squared Ltd purchased a new position in Dutch Bros in the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC raised its position in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros during the 4th quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the fourth quarter worth approximately $43,000. Finally, Gould Capital LLC increased its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.
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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