Dutch Bros Inc. (BROS) can make a big difference with a little luck

Dutch Bros Inc. (NYSE: BROS) stock jumped 0.62% on Tuesday to $29.00 against a previous-day closing price of $28.82. With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $29.50 whereas the lowest price it dropped to was $28.71. The 52-week range on BROS shows that it touched its highest point at $54.18 and its lowest point at $25.45 during that stretch. It currently has a 1-year price target of $37.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BROS was up-trending over the past week, with a rise of 8.82%, but this was down by -7.70% over a month. Three-month performance dropped to -23.66% while six-month performance fell -14.98%. The stock gained 4.50% in the past year, while it has gained 2.87% so far this year. A look at the trailing 12-month EPS for BROS yields -0.07 with Next year EPS estimates of 0.32. For the next quarter, that number is -0.01. This implies an EPS growth rate of 66.90% for this year and 93.41% for next year.

Float and Shares Shorts:

At present, 56.66 million BROS shares are outstanding with a float of 39.57 million shares on hand for trading. On Apr 27, 2023, short shares totaled 8.64 million, which was 14.88% higher than short shares on Mar 30, 2023. In addition to Mr. Travis Boersma as the firm’s Co-Founder & Exec. Chairman, Mr. Jonathan J. Ricci serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 58.11% of BROS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.56% of BROS, in contrast to 12.55% held by mutual funds. Shares owned by individuals account for 11.16%. As the largest shareholder in BROS with 15.00% of the stake, Fidelity Management & Research Co holds 6,847,094 shares worth 6,847,094. A second-largest stockholder of BROS, The Vanguard Group, Inc., holds 3,399,597 shares, controlling over 7.45% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in BROS, holding 1,234,094 shares or 2.70% stake. With a 7.10% stake in BROS, the Fidelity Global Innovators Invest is the largest stakeholder. A total of 3,241,328 shares are owned by the mutual fund manager. The Fidelity Global Innovators Class, which owns about 5.06% of BROS stock, is the second-largest Mutual Fund holder. It holds 2,308,257 shares valued at 71.9 million. Fidelity Canadian Growth Company holds 3.95% of the stake in BROS, owning 1,801,624 shares worth 56.12 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BROS reported revenue of $186.38M and operating income of $2.67M. The EBITDA in the recently reported quarter was $2.73M and diluted EPS was -$0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BROS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BROS analysts setting a high price target of $53.00 and a low target of $30.00, the average target price over the next 12 months is $36.60. Based on these targets, BROS could surge 82.76% to reach the target high and rise by 3.45% to reach the target low. Reaching the average price target will result in a growth of 26.21% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded BROS stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 2,508 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 155,342 while 466,124 shares were sold.

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