Dutch Bros Inc (NYSE: BROS) is 2.18% higher on its value in year-to-date trading and has touched a low of $22.67 and a high of $36.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BROS stock was last observed hovering at around $32.87 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $32.36, the stock is -2.61% and 7.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -1.55% at the moment leaves the stock 13.58% off its SMA200. BROS registered 1.47% gain for a year compared to 6-month gain of 34.89%. The firm has a 50-day simple moving average (SMA 50) of $3.69 and a 200-day simple moving average (SMA200) of $30.07.
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The stock witnessed a 8.16% loss in the last 1 month and extending the period to 3 months gives it a 4.02%, and is -1.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.36% over the week and 3.61% over the month.
Dutch Bros Inc (BROS) has around 24000 employees, a market worth around $3.08B and $965.78M in sales. Current P/E ratio is 1030.57 and Fwd P/E is 78.16. Profit margin for the company is 0.18%. Distance from 52-week low is 42.78% and -10.53% from its 52-week high. The company has generated returns on investments over the last 12 months (0.17%).
Dutch Bros Inc quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $255.31M over the same period.The EPS is expected to grow by 4.84% this year, but quarterly earnings will post 24.60% year-over-year. Quarterly sales are estimated to grow 29.40% in year-over-year returns.
Dutch Bros Inc (BROS) Top Institutional Holders
277 institutions hold shares in Dutch Bros Inc (BROS), with institutional investors hold 81.71% of the company’s shares. The shares outstanding are 95.24M, and float is at 77.63M with Short Float at 9.02%. Institutions hold 69.86% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 6.0 million shares valued at $170.8 million. The investor’s holdings represent 13.14% of the BROS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.49 million shares valued at $99.39 million to account for 7.65% of the shares outstanding. The other top investors are ClearBridge Investments, LLC which holds 0.87 million shares representing 1.90% and valued at over $24.69 million, while Sculptor Capital LP holds 1.42% of the shares totaling 0.65 million with a market value of $18.42 million.
Dutch Bros Inc (BROS) Insider Activity
The most recent transaction is an insider sale by TSG7 A Management LLC,the company’s10% Owner. SEC filings show that TSG7 A Management LLC sold 8,000,000 shares of the company’s common stock on Mar 26 ’24 at a price of $33.88 per share for a total of $271.0 million. Following the sale, the insider now owns 0.0 shares.
Dutch Bros Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Boersma Travis (Executive Chairman of Board) sold a total of 98,017 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $36.04 per share for $3.53 million. Following the transaction, the insider now directly holds 0.67 million shares of the BROS stock.
Still, SEC filings show that on Mar 21 ’24, DM Trust Aggregator, LLC (10% Owner) disposed off 49,218 shares at an average price of $36.04 for $1.77 million. The insider now directly holds 1,051,178 shares of Dutch Bros Inc (BROS).
