Beck Bode LLC Sells 20,002 Shares of Dutch Bros Inc. (NYSE:BROS)

Beck Bode LLC trimmed its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 80.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the company's stock after selling 20,002 shares during the period. Beck Bode LLC's holdings in Dutch Bros were worth $262,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after buying an additional 153,070 shares during the period. FMR LLC raised its position in shares of Dutch Bros by 98.1% in 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 in the last quarter. FIL Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at about $176,298,000. Raymond James Financial Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $94,478,000. Finally, Geode Capital Management LLC grew its stake in Dutch Bros by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock worth $94,079,000 after purchasing an additional 22,214 shares during the period. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. Guggenheim boosted their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Bank of America upped their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Barclays raised their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $75.21.

Insider Buying and Selling at Dutch Bros

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

Dutch Bros Stock Performance

Shares of NYSE BROS traded down $0.25 during mid-day trading on Friday, reaching $64.20. 1,996,890 shares of the company's stock were exchanged, compared to its average volume of 3,170,995. The firm has a 50-day moving average price of $61.18 and a two-hundred day moving average price of $57.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 188.83, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88.

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 analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for 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%. Dutch Bros's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current 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.