Focus Partners Wealth Invests $263,000 in Dutch Bros Inc. (NYSE:BROS)

Focus Partners Wealth acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,988 shares of the company's stock, valued at approximately $263,000.

A number of other hedge funds also recently added to or reduced their stakes in BROS. FORA Capital LLC purchased a new stake in Dutch Bros during the 4th quarter valued at $1,078,000. Deutsche Bank AG increased its holdings in Dutch Bros by 8,912.8% in the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock worth $28,614,000 after buying an additional 540,207 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after buying an additional 627,875 shares in the last quarter. Diligent Investors LLC purchased a new position in Dutch Bros in the 4th quarter worth about $300,000. Finally, Crestline Management LP purchased a new stake in shares of Dutch Bros during the 4th quarter valued at about $430,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 3.4%

Shares of NYSE:BROS traded up $2.29 during trading on Tuesday, hitting $70.18. The company had a trading volume of 1,708,578 shares, compared to its average volume of 3,180,662. The company has a fifty day simple moving average of $62.46 and a two-hundred day simple moving average of $61.02. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 206.36, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

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

Wall Street Analyst Weigh In

A number of analysts have commented on BROS shares. Guggenheim increased their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Royal Bank of Canada started coverage on Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 target price on the stock. Stifel Nicolaus cut their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Securities restated a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $75.73.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman now directly owns 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,119,055 shares of company stock worth $287,354,208 in the last quarter. 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.