Ameriprise Financial Inc. Sells 1,249,150 Shares of Dutch Bros Inc. (NYSE:BROS)

Ameriprise Financial Inc. cut its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 864,839 shares of the company's stock after selling 1,249,150 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.56% of Dutch Bros worth $45,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after acquiring an additional 153,070 shares during the period. FMR LLC grew its holdings in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. FIL Ltd acquired a new stake in Dutch Bros during the 4th quarter worth about $176,298,000. Raymond James Financial Inc. bought a new position in shares of Dutch Bros in the 4th quarter worth about $94,478,000. Finally, Geode Capital Management LLC lifted its stake in shares of Dutch Bros by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock valued at $94,079,000 after purchasing an additional 22,214 shares during the period. Institutional investors own 85.54% of the company's stock.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

Shares of BROS traded up $1.39 on Wednesday, reaching $71.62. 2,168,781 shares of the company's stock traded hands, compared to its average volume of 3,153,159. The stock's 50 day simple moving average is $61.11 and its two-hundred day simple moving average is $58.79. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The stock has a market cap of $11.04 billion, a PE ratio of 210.65, a PEG ratio of 4.23 and a beta of 2.71.

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

Analyst Ratings Changes

BROS has been the subject of several recent analyst reports. TD Securities reaffirmed a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Wells Fargo & Company began coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research report on Monday, March 31st. Piper Sandler reduced their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Jefferies Financial Group upped their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $75.73.

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.