BNP Paribas Financial Markets Acquires New Holdings in Dutch Bros Inc. (NYSE:BROS)

BNP Paribas Financial Markets bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 68,443 shares of the company's stock, valued at approximately $3,585,000.

Several other large investors have also recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after buying an additional 220 shares during the period. Arizona State Retirement System increased its stake in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after buying an additional 260 shares during the period. Treasurer of the State of North Carolina increased its stake in 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 period. Level Four Advisory Services LLC increased its stake in Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock valued at $356,000 after buying an additional 392 shares during the period. Finally, Prosperity Wealth Management Inc. increased its stake in Dutch Bros by 4.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim raised their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Robert W. Baird boosted their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price for the company. Bank of America lifted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $75.73.

Dutch Bros Trading Up 3.1%

Shares of BROS traded up $2.23 during midday trading on Friday, hitting $73.86. The stock had a trading volume of 5,241,466 shares, compared to its average volume of 3,146,974. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The business has a 50-day simple moving average of $61.81 and a two-hundred day simple moving average of $59.57. The firm has a market cap of $11.39 billion, a P/E ratio of 217.23, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. 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 (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm'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 transaction of $22,674,385.11. Following the transaction, the insider now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 679,996 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 $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is owned by company insiders.

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.