Dutch Bros (NYSE:BROS – Get Rating) issued its quarterly earnings results on Wednesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03), MarketWatch Earnings reports. Dutch Bros updated its FY 2022 guidance to EPS.
NYSE:BROS traded up $1.14 during midday trading on Friday, hitting $26.25. 43,076 shares of the company were exchanged, compared to its average volume of 1,198,837. The company has a fifty day simple moving average of $51.29 and a 200 day simple moving average of $52.47. Dutch Bros has a fifty-two week low of $20.05 and a fifty-two week high of $81.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.43 and a quick ratio of 0.27.
BROS has been the subject of several recent research reports. Zacks Investment Research cut shares of Dutch Bros from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Stifel Nicolaus cut shares of Dutch Bros from a “buy” rating to a “hold” rating and decreased their price target for the company from $70.00 to $30.00 in a research report on Thursday. Robert W. Baird decreased their price target on shares of Dutch Bros from $60.00 to $30.00 in a research report on Thursday. Bank of America decreased their price target on shares of Dutch Bros from $80.00 to $64.00 in a research report on Thursday. Finally, Cowen decreased their price target on shares of Dutch Bros from $65.00 to $35.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $50.91.
In related news, CEO Joth Ricci sold 71,125 shares of Dutch Bros stock in a transaction on Monday, May 9th. The shares were sold at an average price of $42.47, for a total transaction of $3,020,678.75. Following the sale, the chief executive officer now directly owns 2,524,990 shares in the company, valued at approximately $107,236,325.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian Maxwell sold 12,000 shares of Dutch Bros stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $48.75, for a total transaction of $585,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,222,250 shares of company stock worth $267,655,469 over the last quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in Dutch Bros in the third quarter valued at $25,000. NEXT Financial Group Inc increased its stake in Dutch Bros by 595.0% in the fourth quarter. NEXT Financial Group Inc now owns 695 shares of the company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. HighTower Advisors LLC increased its stake in Dutch Bros by 7.9% in the first quarter. HighTower Advisors LLC now owns 8,894 shares of the company’s stock valued at $493,000 after purchasing an additional 651 shares during the period. UBS Group AG acquired a new position in Dutch Bros in the third quarter valued at $44,000. Finally, Royal Bank of Canada acquired a new position in Dutch Bros in the third quarter valued at $82,000.
About Dutch Bros (Get Rating)
Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of December 31, 2021, it operated 538 drive-thru coffee locations in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington.
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