Dutch Bros (NYSE:BROS) Stock Jumps 4% – What’s Next?

Dutch Bros Inc. (NYSE:BROS) was up 4% during mid-day trading on Thursday. The stock traded as high as $40.16 and last traded at $39.6950. Approximately 1,118,621 shares traded hands during trading, a decline of 74% from the average session volume of 4,271,330 shares. The stock had previously closed at $38.18.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James Financial set a $59.00 price target on Dutch Bros in a research report on Friday, September 18th. Jefferies Financial Group cut their price objective on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Telsey Advisory Group increased their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Citigroup reissued a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $71.88.

Dutch Bros Price Performance

The company has a market cap of $6.78 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 1.38 and a beta of 2.31. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $47.18 and a 200 day moving average price of $54.76.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The firm had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. As a group, research analysts expect that Dutch Bros Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Director Todd Penegor bought 2,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the transaction, the director directly owned 7,358 shares in the company, valued at $379,378.48. This represents a 37.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 38.90% of the stock is currently owned by insiders.

Institutional Trading of Dutch Bros

Large investors have recently added to or reduced their stakes in the business. Hyperion Asset Management Ltd acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at about $42,946,000. Engineers Gate Manager LP raised its position in Dutch Bros by 59.6% in the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock worth $31,438,000 after purchasing an additional 191,734 shares in the last quarter. Empowered Funds LLC acquired a new position in Dutch Bros in the first quarter worth about $1,309,000. Independent Financial Group LLC bought a new position in Dutch Bros during the first quarter worth about $1,164,000. Finally, California State Teachers Retirement System lifted its stake in Dutch Bros by 19.2% during the first quarter. California State Teachers Retirement System now owns 147,011 shares of the company’s stock worth $7,448,000 after purchasing an additional 23,679 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.