Dutch Bros (NYSE:BROS) Sets New 1-Year Low – Time to Sell?

by · The Cerbat Gem

Dutch Bros Inc. (NYSE:BROSGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $44.05 and last traded at $44.4210, with a volume of 300299 shares trading hands. The stock had previously closed at $44.96.

Analyst Ratings Changes

BROS has been the topic of several research reports. Piper Sandler boosted their target price on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. TD Cowen reiterated a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Wednesday, June 10th. Robert W. Baird raised shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, August 24th. Finally, Stephens restated an “overweight” rating and set a $80.00 target price on shares of Dutch Bros in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $77.15.

Get Our Latest Analysis on Dutch Bros

Dutch Bros Stock Down 1.9%

The firm has a 50-day moving average of $57.79 and a 200 day moving average of $56.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 61.35, a PEG ratio of 1.64 and a beta of 2.28.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share 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 analyst estimates of $525.38 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Todd Penegor acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $51.56 per share, with a total value of $103,120.00. Following the transaction, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 38.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of BROS. D.A. Davidson & CO. boosted its holdings in shares of Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after buying an additional 211 shares during the period. AdvisorShares Investments LLC raised its holdings in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust raised its holdings in Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after acquiring an additional 221 shares during the period. Arizona State Retirement System lifted its position in Dutch Bros by 0.7% during the second quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock worth $2,522,000 after acquiring an additional 238 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Dutch Bros by 6.5% during the third quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after acquiring an additional 270 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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