The closing price of Dutch Bros Inc (NYSE: BROS) was $32.89 for the day, up 0.46% from the previous closing price of $32.74. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 1482405 shares were traded.
Ratios:
Our analysis of BROS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on March 04, 2024, Upgraded its rating to Overweight and sets its target price to $37 from $32 previously.
On February 22, 2024, Stifel reiterated its Buy rating and also lowered its target price recommendation from $35 to $40.
Stifel Upgraded its Hold to Buy on January 16, 2024, whereas the target price for the stock was revised from $32 to $35.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 26 ’24 when TSG7 A Management LLC sold 8,000,000 shares for $33.88 per share. The transaction valued at 271,000,000 led to the insider holds 0 shares of the business.
Boersma Travis sold 98,017 shares of BROS for $3,532,523 on Mar 21 ’24. The Executive Chairman of Board now owns 672,439 shares after completing the transaction at $36.04 per share. On Mar 21 ’24, another insider, DM Trust Aggregator, LLC, who serves as the 10% Owner of the company, sold 49,218 shares for $36.04 each. As a result, the insider received 1,773,797 and left with 1,051,178 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BROS now has a Market Capitalization of 3.07B and an Enterprise Value of 3.61B. As of this moment, Dutch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1047.45, and their Forward P/E ratio for the next fiscal year is 79.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 35.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 7.28. Its current Enterprise Value per Revenue stands at 3.74 whereas that against EBITDA is 30.49.
Stock Price History:
Over the past 52 weeks, BROS has reached a high of $36.17, while it has fallen to a 52-week low of $22.67. The 50-Day Moving Average of the stock is 30.42, while the 200-Day Moving Average is calculated to be 28.58.
Shares Statistics:
BROS traded an average of 2.00M shares per day over the past three months and 1.68M shares per day over the past ten days. A total of 95.24M shares are outstanding, with a floating share count of 79.40M. Insiders hold about 16.63% of the company’s shares, while institutions hold 47.02% stake in the company. Shares short for BROS as of Mar 15, 2024 were 7M with a Short Ratio of 3.48, compared to 7.62M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.03% and a Short% of Float of 9.48%.
