The price of Dutch Bros Inc (NYSE:BROS) shares last traded on Wall Street rose 3.24% to $32.80.
BROS stock price is now 5.14% away from the 50-day moving average and 14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $2.86B.
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With the price target enhanced from $32 to $37, Piper Sandler Upgraded its rating from Neutral to Overweight for Dutch Bros Inc (NYSE: BROS). On February 22, 2024, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $35 to quote $40, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, TSG7 A Management LLC, 10% Owner sold 8,000,000 shares of the company’s stock on Mar 26 ’24. The stock was sold for $271,000,000 at an average price of $33.88. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Executive Chairman of Board Boersma Travis sold 98,017 shares of the business’s stock. A total of $3,532,523 was realized by selling the stock at an average price of $36.04. This leaves the insider owning 672,439 shares of the company worth $22.06 million. A total of 17.87% of the company’s stock is owned by insiders.
During the past 12 months, Dutch Bros Inc has had a low of $22.67 and a high of $36.17. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 2.29, and a quick ratio of 1.98.
The net profit margin was 1.21% and return on equity was 4.63% for BROS. The company reported revenue of $275.1 million for the quarter, compared to $197.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.46 percent.
