Dutch Bros (NYSE:BROS) Shares Gap Down to $25.75

Dutch Bros Inc. (NYSE:BROS) shares gapped down prior to trading on Friday . The stock had previously closed at $25.75, but opened at $25.16. Dutch Bros shares last traded at $25.67, with a volume of 47,229 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BROS shares. Wedbush reissued an “outperform” rating and issued a $37.00 price objective on shares of Dutch Bros in a report on Wednesday, August 9th. Piper Sandler lifted their price target on shares of Dutch Bros from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Dutch Bros from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.60.

Dutch Bros Trading Down 0.4 %

The firm’s fifty day moving average price is $29.47 and its 200 day moving average price is $29.83. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.32 and a quick ratio of 0.16.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $249.88 million during the quarter, compared to the consensus estimate of $254.26 million. On average, equities research analysts predict that Dutch Bros Inc. will post -0.05 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joth Ricci sold 80,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $30.29, for a total value of $2,423,200.00. Following the sale, the chief executive officer now owns 1,976,335 shares in the company, valued at $59,863,187.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 49.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its position in Dutch Bros by 3.8% during the fourth quarter. Arizona State Retirement System now owns 7,255 shares of the company’s stock valued at $205,000 after acquiring an additional 268 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Dutch Bros by 28.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after purchasing an additional 350 shares during the period. TD Asset Management Inc boosted its stake in shares of Dutch Bros by 2.8% during the second quarter. TD Asset Management Inc now owns 14,888 shares of the company’s stock valued at $424,000 after purchasing an additional 400 shares during the period. Wealth Management Partners LLC boosted its stake in shares of Dutch Bros by 2.1% during the first quarter. Wealth Management Partners LLC now owns 23,480 shares of the company’s stock valued at $743,000 after purchasing an additional 480 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dutch Bros by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 16,235 shares of the company’s stock valued at $462,000 after purchasing an additional 488 shares during the period.

About Dutch Bros

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.