Dutch Bros (NYSE:BROS) Sets New 12-Month High – Still a Buy?

Shares of Dutch Bros Inc. (NYSE:BROS) reached a new 52-week high on Tuesday . The company traded as high as $59.40 and last traded at $59.21, with a volume of 1260001 shares trading hands. The stock had previously closed at $55.77.

Analysts Set New Price Targets

BROS has been the subject of a number of analyst reports. UBS Group raised their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $60.00 to $70.00 in a report on Monday, January 6th. Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price target on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $58.00.

Dutch Bros Stock Up 2.7 %

The company has a 50-day moving average of $52.96 and a two-hundred day moving average of $41.14. The company has a market capitalization of $9.33 billion, a PE ratio of 208.60, a P/E/G ratio of 3.16 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.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BROS. Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Quest Partners LLC boosted its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the third quarter valued at approximately $36,000. Finally, nVerses Capital LLC purchased a new stake in Dutch Bros during the third quarter worth $38,000. Institutional investors 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.