Dutch Bros Inc. (NYSE:BROS) saw an upside of 19.88% to $33.56 after adding $5.57 on Wednesday. The 5-day average trading volume is 1,646,638 shares of the company’s common stock. It has gained $35.09 in the past week and touched a new high 2 times within the past 5 days. An average of 945,359 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 777,196.
BROS’s 1-month performance is 13.48% or $6.07 on its low of $27.05 reached on 08/08/23. The company’s shares have touched a 52-week low of $25.45 and high of $54.18, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, BROS has achieved 19.03% or $5.94 and has reached a new high 13 times. However, the current price is down -38.07% from the 52-week high price.
Insider Transactions
BROS stock investors last saw insider trading activity on Aug 01.Ricci Joth (CEO) most recently sold 80,000 shares at $30.29 per share on Aug 01. This transaction cost the insider $2,423,463. CEO and President, Ricci Joth, sold 160,000 shares at a price of $37.53 on Feb 01. Then, on Dec 14, Chief Marketing Officer Graham John Patrick sold 8,000 shares at a price of $31.31 per share. This transaction amounted to $250,480.
Valuation Metrics
BROS stock has a beta of 2.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.11 while the price-to-book (PB) in the most recent quarter is 14.85.
Dutch Bros Inc.’s quick ratio for the period ended June 29 was 0.10, with the current ratio over the same period at 0.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.89, while the total debt to equity was 4.16. In terms of profitability, the gross margin trailing 12 months is 27.60%. The trailing 12-month EBITDA margin is 5.77% while for the period ending June 29, Dutch Bros Inc.’s operating margin was 1.40%. The firm’s gross profit as reported stood at $180.92 million against revenue of $739.01 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -28.91% to -$3.84 million, while revenue of -$0.66 million was 82.81% off the previous quarter. Analysts expected BROS to announce $0.07 per share in earnings in its latest quarter, but it posted $0.13, representing a 85.70% surprise. EBITDA for the quarter stood at more than $14.55 million. BROS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.02 billion, with total debt at $708.95 million. Shareholders hold equity totaling $163.83 million.
Let’s look briefly at Dutch Bros Inc. (BROS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 71.78% to suggest the stock is trending Overbought, with historical volatility in this time period at 106.75%.
The stock’s 5-day moving average is $29.62, reflecting a +14.22% or $4.25 change from its current price. BROS is currently trading +13.50% above its 20-day SMA, +13.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +21.81% and SMA200 by-0.23%.
Stochastic %K and %D was 37.18% and 24.96% and the average true range (ATR) pointed at 1.80. The RSI (14) points at 67.34%, while the 14-day stochastic is at 88.06% with the period’s ATR at 1.51. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.28 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for BROS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BROS as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is BROS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $53.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Dutch Bros Inc. (BROS) stock is $36.00.
