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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BROS shares. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Stifel Nicolaus upped their price objective on shares of Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $58.00.

Dutch Bros Stock Up 2.7 %

The firm’s 50-day moving average price is $52.96 and its 200-day moving average price is $41.14. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 208.60, a price-to-earnings-growth 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 released its quarterly earnings data 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. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 80,720 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BROS. Rhumbline Advisers lifted its position in shares of Dutch Bros by 6,655.1% in the 2nd quarter. Rhumbline Advisers now owns 84,776 shares of the company’s stock worth $3,510,000 after buying an additional 83,521 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Dutch Bros by 12.6% in the 2nd quarter. Victory Capital Management Inc. now owns 19,918 shares of the company’s stock worth $825,000 after buying an additional 2,223 shares during the last quarter. Quest Partners LLC lifted its position 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 worth $33,000 after buying an additional 764 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Dutch Bros in the 2nd quarter valued at about $2,112,000. Finally, Envestnet Asset Management Inc. lifted its position in Dutch Bros by 109.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 106,562 shares of the company’s stock valued at $4,412,000 after purchasing an additional 55,590 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

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.