Allspring Global Investments Holdings LLC Decreases Stake in Dutch Bros Inc. (NYSE:BROS)

Allspring Global Investments Holdings LLC lowered its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 807,406 shares of the company's stock after selling 77,649 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.52% of Dutch Bros worth $49,534,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BROS. Coppell Advisory Solutions LLC raised its position in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in Dutch Bros in the first quarter worth $31,000. Bernard Wealth Management Corp. purchased a new stake in Dutch Bros in the fourth quarter worth $43,000. Gould Capital LLC boosted its holdings in 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 acquiring an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group started coverage on Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective on the stock. Robert W. Baird upped their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Barclays raised their target price on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Piper Sandler reduced their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.94.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business'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 $10,641,352.28. Following the transaction, the insider owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This represents a 27.14% 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 valued at $237,721,138. Insiders own 42.40% of the company's stock.

Dutch Bros Stock Up 1.6%

Shares of NYSE:BROS traded up $1.08 on Thursday, hitting $67.13. 1,485,532 shares of the company traded hands, compared to its average volume of 3,110,328. The stock has a 50 day simple moving average of $67.85 and a 200-day simple moving average of $64.32. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The company has a market cap of $11.04 billion, a PE ratio of 172.12, a PEG ratio of 4.01 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88.

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

Dutch Bros Company 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.