Calamos Advisors LLC Makes New $362,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Calamos Advisors LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,866 shares of the company's stock, valued at approximately $362,000.

A number of other large investors also recently bought and sold shares of the stock. Gould Capital LLC raised its stake in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the period. Copia Wealth Management raised its stake in shares of Dutch Bros by 14.7% in the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after acquiring an additional 205 shares during the period. Arizona State Retirement System raised its stake in shares of Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after acquiring an additional 260 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of 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. Finally, GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 378 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated 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 transaction, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction dated 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 directly owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is owned by company insiders.

Dutch Bros Price Performance

Shares of BROS stock opened at $67.13 on Monday. The firm has a market cap of $11.04 billion, a P/E ratio of 172.12, a P/E/G ratio of 4.02 and a beta of 2.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The firm has a fifty day moving average of $68.03 and a two-hundred day moving average of $64.69.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BROS. CICC Research began coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price on the stock. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Guggenheim raised their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Wells Fargo & Company began coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 target price on the stock. Finally, Royal Bank Of Canada initiated coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros currently has an average rating of "Moderate Buy" and an average target price of $75.94.

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.

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