4,988 Shares in Dutch Bros Inc. (NYSE:BROS) Purchased by Focus Partners Wealth

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.

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

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.