Dutch Bros (NYSE:BROS) Trading Down 7% – What’s Next?

Shares of Dutch Bros Inc. (NYSE:BROS) traded down 7% during mid-day trading on Thursday . The company traded as low as $49.55 and last traded at $49.7070. 3,700,055 shares were traded during trading, a decline of 32% from the average session volume of 5,480,229 shares. The stock had previously closed at $53.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore set a $73.00 price objective on shares of Dutch Bros in a research note on Monday, January 5th. Sanford C. Bernstein reiterated an “overweight” rating and set a $76.00 target price on shares of Dutch Bros in a research report on Wednesday, January 7th. KeyCorp reissued an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. Finally, Citigroup dropped their target price on Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.05.

Dutch Bros Stock Down 7.3%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.49. The company has a market cap of $8.14 billion, a P/E ratio of 77.39, a PEG ratio of 2.05 and a beta of 2.54. The firm’s 50-day simple moving average is $59.69 and its 200 day simple moving average is $59.25.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. Dutch Bros’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. On average, research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the completion of the transaction, the insider owned 9,817 shares in the company, valued at approximately $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 1,678,616 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the sale, the chairman owned 9,817 shares of the company’s stock, valued at $544,254.48. This trade represents a 99.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. 42.40% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several large investors have recently modified their holdings of the stock. Stephens Investment Management Group LLC acquired a new position in shares of Dutch Bros in the 2nd quarter worth approximately $7,277,000. Versor Investments LP lifted its stake in Dutch Bros by 78.9% in the second quarter. Versor Investments LP now owns 35,744 shares of the company’s stock valued at $2,444,000 after buying an additional 15,761 shares during the period. Savoir Faire Capital Management L.P. boosted its holdings in shares of Dutch Bros by 29.9% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 112,783 shares of the company’s stock worth $5,903,000 after buying an additional 25,935 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Dutch Bros by 123.0% during the 2nd quarter. SG Americas Securities LLC now owns 310,720 shares of the company’s stock worth $21,244,000 after buying an additional 171,356 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Dutch Bros by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock valued at $148,643,000 after acquiring an additional 267,074 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

About Dutch Bros

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.