In yesterday’s Wall Street session, Dutch Bros Inc. (NYSE:BROS) shares traded at $27.71, up 3.47% from the previous session.
11 analysts cover Dutch Bros Inc. (NYSE:BROS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $30.00, we find $33.50. Given the previous closing price of $26.78, this indicates a potential upside of 25.09 percent. BROS stock price is now -6.52% away from the 50-day moving average and -11.75% away from the 200-day moving average. The market capitalization of the company currently stands at $4.39B.
The stock has received a hold rating from 7 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $34.30 as their price target over the next twelve months.
In other news, Tullett Victoria J, Chief Legal Officer bought 739 shares of the company’s stock on Aug 11. The stock was bought for $24,978 at an average price of $33.80. Upon completion of the transaction, the Chief Legal Officer now directly owns 739 shares in the company, valued at $20477.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, Executive Chairman of Board Boersma Travis sold 109 shares of the business’s stock. A total of $3,353 was realized by selling the stock at an average price of $30.72. Insiders disposed of 1,297,428 shares of company stock worth roughly $35.95 million over the past 1 year. A total of 10.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BROS stock. A new stake in Dutch Bros Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $9,504,000. MARSHALL WACE, LLP invested $5,157,000 in shares of BROS during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Dutch Bros Inc. valued at approximately $4,491,000. HOLOCENE ADVISORS, LP acquired a new stake in BROS for approximately $2,266,000. GSA CAPITAL PARTNERS LLP purchased a new stake in BROS valued at around $1,278,000 in the second quarter. In total, there are 240 active investors with 51.50% ownership of the company’s stock.
On Friday morning Dutch Bros Inc. (NYSE: BROS) stock kicked off with the opening price of $27.86. During the past 12 months, Dutch Bros Inc. has had a low of $24.64 and a high of $41.44. As of last week, the company has a debt-to-equity ratio of 4.46, a current ratio of 0.30, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $2.37B, which is based on a 27710.00 price-to-earnings ratio, a 560.93 price-to-earnings-growth ratio, and a beta of 2.52. The fifty day moving average price for BROS is $29.63 and a two-hundred day moving average price translates $31.37 for the stock.
The latest earnings results from Dutch Bros Inc. (NYSE: BROS) was released for Jun, 2023. According to the Restaurants Company, earnings per share came in at $0.13, beating analysts’ expectations of $0.07 by 0.06. This compares to -$0.03 EPS in the same period last year. The net profit margin was 0.00% and return on equity was 0.00% for BROS. The company reported revenue of $249.88 million for the quarter, compared to $186.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.07 percent. For the current quarter, analysts expect BROS to generate $258.72M in revenue.
Dutch Bros Inc.(BROS) Company Profile
Dutch Bros Inc. operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels. Dutch Bros Inc. was founded in 1992 and is headquartered in Grants Pass, Oregon.
