Dutch Bros (NYSE:BROS) Stock Price Down 4.6%

Shares of Dutch Bros Inc. (NYSE:BROS) dropped 4.6% during mid-day trading on Monday . The company traded as low as $28.53 and last traded at $28.59. Approximately 621,216 shares traded hands during trading, a decline of 68% from the average daily volume of 1,945,821 shares. The stock had previously closed at $29.97.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BROS. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Barclays decreased their target price on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. TD Cowen reissued a “hold” rating and issued a $33.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $37.00 target price on shares of Dutch Bros in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

Dutch Bros Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The stock has a market capitalization of $5.10 billion, a P/E ratio of 960.00 and a beta of 2.41. The stock has a fifty day moving average price of $31.14 and a 200 day moving average price of $28.94.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. On average, research analysts forecast that Dutch Bros Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the transaction, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in BROS. Cedar Mountain Advisors LLC lifted its stake in Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after purchasing an additional 415 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Dutch Bros during the fourth quarter worth approximately $40,000. Avior Wealth Management LLC raised its holdings in Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after acquiring an additional 1,208 shares in the last quarter. Allworth Financial LP raised its stake in shares of Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Dutch Bros by 31.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after acquiring an additional 590 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.