Wealth Enhancement Advisory Services LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

Wealth Enhancement Advisory Services LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,102 shares of the company's stock, valued at approximately $267,000.

A number of other hedge funds have also modified their holdings of the company. Coppell Advisory Solutions LLC raised 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 during the period. Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $43,000. Gould Capital LLC lifted its position in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dutch Bros in the 4th quarter valued at $53,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros in the 4th quarter worth $60,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BROS shares. TD Securities reiterated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. 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 price objective on the stock. Robert W. Baird raised their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays boosted their price target on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $75.73.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the transaction, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were 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 now owns 1,940,245 shares in the company, valued at approximately $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 over the last 90 days. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Trading Down 2.6%

BROS stock traded down $1.81 during midday trading on Tuesday, hitting $69.00. 2,486,404 shares of the company's stock were exchanged, compared to its average volume of 3,168,332. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The business has a 50-day simple moving average of $65.44 and a two-hundred day simple moving average of $63.21. The stock has a market capitalization of $11.35 billion, a PE ratio of 147.52, a P/E/G ratio of 4.13 and a beta of 2.73. 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 released 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 return on equity of 7.73% and a net margin of 3.20%. The firm's revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS 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.