AlphaCore Capital LLC Purchases Shares of 5,000 Dutch Bros Inc. (NYSE:BROS)

AlphaCore Capital LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,000 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BROS. Vanguard Group Inc. lifted its position in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after purchasing an additional 153,070 shares in the last quarter. FMR LLC lifted its position in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after purchasing an additional 627,875 shares in the last quarter. FIL Ltd acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $176,298,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $94,478,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BROS shares. Guggenheim upped their target price 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. TD Securities reiterated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. UBS Group reduced their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada initiated coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price target for the company. Finally, Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $75.73.

Dutch Bros Trading Up 1.0%

NYSE:BROS traded up $0.67 during trading hours on Friday, hitting $70.40. The stock had a trading volume of 728,706 shares, compared to its average volume of 3,167,168. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 207.01, a P/E/G ratio of 4.23 and a beta of 2.71. The business's 50 day moving average is $62.64 and its 200-day moving average is $61.30.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business's quarterly revenue was up 28.7% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were 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 owns 2,099,499 shares of the company's stock, valued at approximately $138,461,959.05. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 704,995 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the completion of the transaction, the chairman now directly owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. This trade represents a 24.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock valued at $237,721,138 over the last quarter. Corporate insiders own 42.40% of the company's stock.

About Dutch Bros

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.