The price of Dutch Bros Inc (NYSE:BROS) shares last traded on Wall Street rose 28.13% to $44.77.
BROS stock price is now 33.59% away from the 50-day moving average and 33.44% away from the 200-day moving average. The market capitalization of the company currently stands at $6.90B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, DM Trust Aggregator, LLC, 10% Owner sold 38,339 shares of the company’s stock on Nov 04 ’24. The stock was sold for $1,283,753 at an average price of $33.48. Upon completion of the transaction, the 10% Owner now directly owns 15,610 shares in the company, valued at $0.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Executive Chairman of Board Boersma Travis sold 38,339 shares of the business’s stock. A total of $1,283,753 was realized by selling the stock at an average price of $33.48. This leaves the insider owning 15,610 shares of the company worth $0.7 million. A total of 3.23% of the company’s stock is owned by insiders.
During the past 12 months, Dutch Bros Inc has had a low of $25.46 and a high of $43.49. As of last week, the company has a debt-to-equity ratio of 1.78, a current ratio of 1.90, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $5972682752, which is based on a 152.59 price-to-earnings ratio, a 5.46 price-to-earnings-growth ratio, and a beta of 2.47. The fifty day moving average price for BROS is $33.2424 and a two-hundred day moving average price translates $33.4631 for the stock.
The latest earnings results from Dutch Bros Inc (NYSE: BROS) was released for 2024-09-30. The net profit margin was 2.54% and return on equity was 7.08% 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.
