Dutch Bros (NYSE:BROS) Trading Down 4.7% – Should You Sell?

Dutch Bros Inc. (NYSE:BROS) was down 4.7% on Wednesday . The stock traded as low as $50.81 and last traded at $50.2010. Approximately 819,713 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 4,990,743 shares. The stock had previously closed at $52.67.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup lowered their price target on Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Dutch Bros in a research report on Friday, February 13th. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, March 2nd. Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $76.00 target price on shares of Dutch Bros in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Dutch Bros in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $76.73.

Dutch Bros Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The firm has a 50 day moving average price of $54.20 and a two-hundred day moving average price of $56.52. The company has a market capitalization of $8.42 billion, a P/E ratio of 79.93, a price-to-earnings-growth ratio of 1.90 and a beta of 2.54.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP grew its position in shares of Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after buying an additional 407,528 shares during the period. Ninety One UK Ltd raised its position in Dutch Bros by 1.5% during the fourth quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock worth $160,732,000 after acquiring an additional 39,781 shares in the last quarter. Invesco Ltd. lifted its stake in Dutch Bros by 4.0% in the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after acquiring an additional 93,515 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after acquiring an additional 39,349 shares during the last quarter. Finally, State Street Corp grew its position in shares of Dutch Bros by 1.8% in the fourth quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after purchasing an additional 35,854 shares during 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.