Dutch Bros (NYSE:BROS) Reaches New 52-Week High – Time to Buy?

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week high on Tuesday . The company traded as high as $53.14 and last traded at $53.14, with a volume of 501994 shares. The stock had previously closed at $51.91.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research analyst reports. UBS Group raised their target price on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Piper Sandler lifted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Stock Performance

The firm has a fifty day moving average price of $37.60 and a 200 day moving average price of $36.81. 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 firm has a market cap of $8.15 billion, a PE ratio of 180.21, a price-to-earnings-growth ratio of 4.11 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter last year, the firm earned $0.08 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now owns 512,300 shares in the company, valued at approximately $16,593,397. The trade was a 26.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 3,600 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $115,200.00. Following the sale, the chairman now directly owns 430,718 shares in the company, valued at approximately $13,782,976. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,065,467 shares of company stock valued at $35,434,372. Company insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of BROS. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros during the second quarter worth $27,000. Jamison Private Wealth Management Inc. lifted 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 buying an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the 3rd quarter worth about $36,000. Institutional investors and hedge funds 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.