Lecap Asset Management Ltd. Buys Shares of 5,066 Dutch Bros Inc. (NYSE:BROS)

Lecap Asset Management Ltd. purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,066 shares of the company's stock, valued at approximately $313,000.

A number of other large investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the first quarter valued at about $31,000. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros during the fourth quarter worth about $43,000. Gould Capital LLC increased its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after buying an additional 378 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BROS. CICC Research initiated coverage on shares of Dutch Bros in a research report on Monday. They set an "outperform" rating and a $80.00 target price on the stock. 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 price target for the company. UBS Group decreased their price objective on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Piper Sandler lowered their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has an average rating of "Moderate Buy" and a consensus target price of $75.94.

Dutch Bros Stock Performance

Shares of BROS traded down $0.90 on Monday, reaching $68.44. 2,078,503 shares of the company's stock traded hands, compared to its average volume of 3,120,773. The stock's 50 day simple moving average is $67.58 and its two-hundred day simple moving average is $64.29. The stock has a market cap of $11.26 billion, a PE ratio of 175.49, a PEG ratio of 4.14 and a beta of 2.73. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The firm had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period last year, the firm posted $0.09 EPS. The business's revenue was up 28.7% compared to the same quarter last year. On average, analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the transaction, the insider directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the sale, the chairman directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock worth $237,721,138 in the last ninety days. 42.40% of the stock is currently owned by 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.