Dutch Bros (NYSE:BROS) Stock Price Down 8.6% – What’s Next?

Dutch Bros Inc. (NYSE:BROS) traded down 8.6% on Monday . The company traded as low as $57.36 and last traded at $58.37. 1,441,718 shares changed hands during trading, a decline of 54% from the average session volume of 3,127,275 shares. The stock had previously closed at $63.86.

Analysts Set New Price Targets

BROS has been the topic of several research reports. Stifel Nicolaus raised their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Wedbush increased their target price on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $75.75.

Dutch Bros Stock Up 4.3 %

The company’s 50-day moving average is $65.90 and its 200 day moving average is $49.83. The stock has a market capitalization of $9.68 billion, a PE ratio of 184.69, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the sale, the chairman now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC grew its position in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 447 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the 3rd quarter valued at about $36,000. Fortitude Family Office LLC acquired a new position in Dutch Bros in the 4th quarter worth about $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in Dutch Bros in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

About Dutch Bros

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.