Dutch Bros (NYSE:BROS) Sets New 1-Year Low – Here’s Why

Shares of Dutch Bros Inc. (NYSE:BROS) hit a new 52-week low during trading on Friday . The stock traded as low as $44.58 and last traded at $46.17, with a volume of 1062958 shares traded. The stock had previously closed at $48.02.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “overweight” rating and set a $76.00 target price on shares of Dutch Bros in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Wolfe Research began coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, January 21st. Finally, KeyCorp reissued an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.73.

Dutch Bros Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.69 billion, a P/E ratio of 73.00, a price-to-earnings-growth ratio of 1.69 and a beta of 2.54. The business’s 50-day simple moving average is $53.41 and its two-hundred day simple moving average is $56.23.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $443.61 million for the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. Dutch Bros’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Dutch Bros during the 1st quarter valued at $318,000. Empowered Funds LLC lifted its holdings in Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing an additional 4,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the period. Legal & General Group Plc boosted its stake in Dutch Bros by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 134,395 shares of the company’s stock worth $9,189,000 after purchasing an additional 10,026 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Dutch Bros by 16.8% during the 2nd quarter. Franklin Resources Inc. now owns 23,832 shares of the company’s stock valued at $1,629,000 after buying an additional 3,425 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Company Profile

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.