Focus Partners Wealth purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,988 shares of the company's stock, valued at approximately $263,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BROS. Amalgamated Bank grew its holdings in Dutch Bros by 3.6% during 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 period. Arizona State Retirement System grew its stake in shares of Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after acquiring an additional 260 shares during the period. Treasurer of the State of North Carolina raised its stake in Dutch Bros by 0.6% in 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 acquiring an additional 310 shares during the period. Level Four Advisory Services LLC raised its stake in Dutch Bros by 6.1% in the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock valued at $356,000 after acquiring an additional 392 shares during the period. Finally, Prosperity Wealth Management Inc. boosted its position in Dutch Bros by 4.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock worth $502,000 after purchasing an additional 435 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on BROS. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. UBS Group dropped their price objective on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Piper Sandler reduced their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Robert W. Baird increased their price target 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. Finally, Wells Fargo & Company initiated coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $75.73.
View Our Latest Stock Analysis on Dutch Bros
Insider Buying and Selling at Dutch Bros
In other news, Chairman Travis Boersma sold 531,526 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the sale, the chairman now directly owns 2,373,933 shares in the company, valued at $170,970,654.66. This represents a 18.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company's stock.
Dutch Bros Stock Up 0.6%
Dutch Bros stock traded up $0.41 during mid-day trading on Wednesday, hitting $70.56. The company had a trading volume of 239,772 shares, compared to its average volume of 3,172,708. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock's 50 day moving average price is $62.55 and its two-hundred day moving average price is $61.09. The company has a market capitalization of $11.61 billion, a PE ratio of 207.83, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (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 business's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.
Dutch Bros Profile
(
Free Report)
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.
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