Market Momentum: Dutch Bros Inc (BROS) Registers a 1.68 Increase, Closing at 35.66

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Dutch Bros Inc (NYSE: BROS) closed the day trading at $35.66 up 1.68% from the previous closing price of $35.07. In other words, the price has increased by $1.68 from its previous closing price. On the day, 1.4 million shares were traded. BROS stock price reached its highest trading level at $35.84 during the session, while it also had its lowest trading level at $34.61.

Ratios:

For a better understanding of BROS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.98 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 2.07 whereas as Long-Term Debt/Eq ratio is at 1.99.

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, TD Cowen on May 10, 2024, Upgraded its rating to Buy and sets its target price to $46 from $33 previously.

On March 04, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $32 to $37.

Stifel reiterated its Buy rating for the stock on February 22, 2024, while the target price for the stock was revised from $35 to $40.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 29 ’24 when TSG7 A Management LLC sold 3,403,924 shares for $35.85 per share. The transaction valued at 122,030,675 led to the insider holds 0 shares of the business.

Boersma Travis sold 264,798 shares of BROS for $9,586,144 on May 29 ’24. The Executive Chairman of Board now owns 634,543 shares after completing the transaction at $36.20 per share. On May 29 ’24, another insider, DM Trust Aggregator, LLC, who serves as the 10% Owner of the company, sold 248,346 shares for $36.21 each. As a result, the insider received 8,993,577 and left with 1,008,992 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 6318203392 and an Enterprise Value of 4266249216. As of this moment, Dutch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 193.91, and their Forward P/E ratio for the next fiscal year is 77.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 7.97. Its current Enterprise Value per Revenue stands at 4.088 whereas that against EBITDA is 27.858.

Stock Price History:

Over the past 52 weeks, BROS has reached a high of $38.41, while it has fallen to a 52-week low of $22.67. The 50-Day Moving Average of the stock is 9.84%, while the 200-Day Moving Average is calculated to be 22.67%.

Shares Statistics:

Over the past 3-months, BROS traded about 2.50M shares per day on average, while over the past 10 days, BROS traded about 2174390 shares per day. A total of 95.07M shares are outstanding, with a floating share count of 82.79M. Insiders hold about 12.92% of the company’s shares, while institutions hold 65.28% stake in the company. Shares short for BROS as of 1715731200 were 7851679 with a Short Ratio of 3.14, compared to 1713139200 on 7802586. Therefore, it implies a Short% of Shares Outstanding of 7851679 and a Short% of Float of 9.689999.

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