Dutch Bros (NYSE:BROS) Hits New 12-Month Low – Here’s Why

Dutch Bros Inc. (NYSE:BROS)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $38.28 and last traded at $39.07, with a volume of 6332000 shares traded. The stock had previously closed at $40.03.

Analysts Set New Price Targets

Several research firms have recently weighed in on BROS. Melius Research decreased their price objective on Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a report on Friday, September 18th. Citigroup reiterated a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a research note on Thursday, September 10th. Finally, Telsey Advisory Group raised their price target on Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.36.

Dutch Bros Stock Performance

The company has a market cap of $6.72 billion, a PE ratio of 53.47, a P/E/G ratio of 1.38 and a beta of 2.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The stock’s 50-day simple moving average is $52.59 and its 200 day simple moving average is $55.63.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business’s revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that Dutch Bros Inc. will post 0.87 EPS for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Director Todd Penegor bought 2,000 shares of Dutch Bros stock in a transaction on 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 completion of the acquisition, the director owned 7,358 shares in the company, valued at $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter worth approximately $29,000. Brown Lisle Cummings Inc. grew its holdings in Dutch Bros by 63.8% in the first quarter. Brown Lisle Cummings Inc. now owns 819 shares of the company’s stock valued at $41,000 after purchasing an additional 319 shares during the last quarter. Glen Eagle Advisors LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at $74,000. Nemes Rush Group LLC raised its stake in shares of Dutch Bros by 25.9% during the 4th quarter. Nemes Rush Group LLC now owns 1,360 shares of the company’s stock worth $83,000 after buying an additional 280 shares during the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of Dutch Bros in the 2nd quarter worth about $101,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.