Diligent Investors LLC Purchases Shares of 5,724 Dutch Bros Inc. (NYSE:BROS)

Diligent Investors LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,724 shares of the company's stock, valued at approximately $300,000.

Other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System raised its position in shares of Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after purchasing an additional 260 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after buying an additional 310 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after buying an additional 392 shares in the last quarter. Finally, Prosperity Wealth Management Inc. increased its stake in shares of Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock worth $502,000 after buying an additional 435 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BROS has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Robert W. Baird upped their price objective on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities reaffirmed a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a report on Thursday. Finally, Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $75.21.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $1.01 during trading hours on Friday, hitting $63.44. The stock had a trading volume of 3,007,616 shares, compared to its average volume of 3,162,434. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock's fifty day simple moving average is $61.01 and its 200 day simple moving average is $58.31. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 186.59, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The firm had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the firm earned $0.09 EPS. The firm's revenue was up 28.7% compared to the same quarter last year. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.