Dutch Bros Inc (BROS) stock forecast: Can it reach its 52-week high of $43.49

Dutch Bros Inc [BROS] stock prices are up 0.76% to $31.78 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BROS shares have gain 3.32% over the last week, with a monthly amount drifted -17.15%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dutch Bros Inc [NYSE: BROS] stock has seen the most recent analyst activity on August 19, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $36 from $41. Previously, UBS upgraded its rating to Buy on August 15, 2024, and kept the price target unchanged to $39. On August 08, 2024, upgrade upgraded it’s rating to Buy. TD Cowen reiterated its Buy rating and decreased its price target to $47 on August 08, 2024. TD Cowen upgraded its rating to a Buy and raised its price target to $46 on May 10, 2024. Piper Sandler upgraded its rating to Overweight for this stock on March 04, 2024, and upped its price target to $37. In a note dated February 22, 2024, Stifel reiterated an Buy rating on this stock and boosted its target price from $35 to $40.

The stock price of Dutch Bros Inc [BROS] has been fluctuating between $22.67 and $43.49 over the past year. Currently, Wall Street analysts expect the stock to reach $40.67 within the next 12 months. Dutch Bros Inc [NYSE: BROS] shares were valued at $31.78 at the most recent close of the market. An investor can expect a potential return of 27.97% based on the average BROS price forecast.

Analyzing the BROS fundamentals

The Dutch Bros Inc [NYSE:BROS] reported sales of 1.12B for trailing twelve months, representing a surge of 30.03%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.23 points at the first support level, and at 30.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.25, and for the 2nd resistance point, it is at 32.73.

Ratios To Look Out For

It’s worth pointing out that Dutch Bros Inc [NYSE:BROS]’s Current Ratio is 2.19. Further, the Quick Ratio stands at 1.88, while the Cash Ratio is 1.7. Considering the valuation of this stock, the price to sales ratio is 3.23, the price to book ratio is 7.10 and price to earnings (TTM) ratio is 125.81.

Transactions by insiders

Recent insider trading involved DM TRUST AGGREGATOR, LLC, 10% Owner, that happened on Aug 27 ’24 when 28786.0 shares were purchased. 10% Owner, DM INDIVIDUAL AGGREGATOR, LLC completed a deal on Aug 27 ’24 to buy 28710.0 shares. Meanwhile, 10% Owner DM Individual Aggregator, LLC sold 5600.0 shares on Aug 26 ’24.

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