Dutch Bros Inc (NYSE:BROS) shares traded 1.54% higher at $42.10 on Wall Street last session.
BROS stock price is now 22.11% away from the 50-day moving average and 41.11% away from the 200-day moving average. The market capitalization of the company currently stands at $4.52B.
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With the price target enhanced from $33 to $46, TD Cowen Upgraded its rating from Hold to Buy for Dutch Bros Inc (NYSE: BROS). On March 04, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $32 to quote $37, while ‘Stifel’ rates the stock as ‘Buy’
In other news, TSG7 A Management LLC, 10% Owner sold 3,403,924 shares of the company’s stock on May 29 ’24. The stock was sold for $122,030,675 at an average price of $35.85. 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 May 29 ’24, Executive Chairman of Board Boersma Travis sold 264,798 shares of the business’s stock. A total of $9,586,144 was realized by selling the stock at an average price of $36.20. This leaves the insider owning 634,543 shares of the company worth $26.71 million. A total of 7.67% 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 $41.47. 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. According to the stock market information, the enterprise value for the company is $4878516224, which is based on a 228.93 price-to-earnings ratio, a 8.87 price-to-earnings-growth ratio, and a beta of 2.54. The fifty day moving average price for BROS is $34.6834 and a two-hundred day moving average price translates $29.9097 for the stock.
The latest earnings results from Dutch Bros Inc (NYSE: BROS) was released for 2024-03-31. 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.
