Castleark Management LLC Acquires New Shares in Dutch Bros Inc. (NYSE:BROS)

Castleark Management LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 100,560 shares of the company's stock, valued at approximately $5,267,000. Castleark Management LLC owned about 0.07% of Dutch Bros at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Dutch Bros during the 4th quarter worth $25,000. Coppell Advisory Solutions LLC lifted its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $43,000. SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $53,000. Finally, Arcadia Investment Management Corp MI bought a new stake in Dutch Bros in the fourth quarter valued at $60,000. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BROS. Stifel Nicolaus dropped their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird boosted their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. UBS Group reduced their price objective on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $75.73.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction that occurred 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 now owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider now directly owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,119,055 shares of company stock worth $287,354,208 in the last ninety days. Company insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

NYSE BROS traded up $2.85 on Tuesday, reaching $70.74. The company had a trading volume of 1,347,498 shares, compared to its average volume of 3,179,291. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm's 50 day moving average price is $62.46 and its 200 day moving average price is $61.02. The stock has a market capitalization of $11.64 billion, a PE ratio of 207.99, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results 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 return on equity of 6.78% and a net margin of 2.75%. The business had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period in the previous year, the company posted $0.09 EPS. Dutch Bros's revenue was up 28.7% on a year-over-year basis. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current 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.