Dutch Bros (NYSE:BROS) Shares Gap Up – Should You Buy?

Dutch Bros Inc. (NYSE:BROS) shares gapped up prior to trading on Monday . The stock had previously closed at $65.43, but opened at $69.56. Dutch Bros shares last traded at $70.65, with a volume of 446,013 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Dutch Bros in a research report on Monday. They issued an “overweight” rating and a $82.00 target price for the company. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average target price of $76.23.

Dutch Bros Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The business’s 50 day simple moving average is $67.04 and its 200-day simple moving average is $51.65. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 208.38, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently made changes to their positions in the stock. Gould Capital LLC lifted its stake in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after acquiring an additional 140 shares during the period. Amalgamated Bank lifted its stake in Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System lifted its stake in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after purchasing an additional 310 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after purchasing an additional 392 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.