Dutch Bros Inc (NYSE:BROS) shares traded -3.71% lower at $32.70 on Wall Street last session.
BROS stock price is now -4.50% away from the 50-day moving average and -0.44% away from the 200-day moving average. The market capitalization of the company currently stands at $3.72B.
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With the price target reduced from $41 to $36, Piper Sandler Downgraded its rating from Overweight to Neutral for Dutch Bros Inc (NYSE: BROS). On August 15, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $39, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Boersma Travis, Executive Chairman of Board sold 376,696 shares of the company’s stock on Sep 13 ’24. The stock was sold for $12,851,479 at an average price of $34.12. Upon completion of the transaction, the Executive Chairman of Board now directly owns 165,994 shares in the company, valued at $5.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Executive Chairman of Board Boersma Travis sold 18,223 shares of the business’s stock. A total of $621,918 was realized by selling the stock at an average price of $34.13. This leaves the insider owning 263,954 shares of the company worth $8.63 million. A total of 3.33% 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 $43.49. As of last week, the company has a debt-to-equity ratio of 1.79, a current ratio of 2.19, and a quick ratio of 1.88. According to the stock market information, the enterprise value for the company is $4590973440, which is based on a 129.45 price-to-earnings ratio, a 3.87 price-to-earnings-growth ratio, and a beta of 2.50. The fifty day moving average price for BROS is $34.0474 and a two-hundred day moving average price translates $32.86905 for the stock.
The latest earnings results from Dutch Bros Inc (NYSE: BROS) was released for 2024-06-30. The net profit margin was 1.95% and return on equity was 6.77% for BROS. The company reported revenue of $324.92 million for the quarter, compared to $249.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.03 percent.
