Cerity Partners LLC Makes New $1.69 Million Investment in Dutch Bros Inc. (NYSE:BROS)

Cerity Partners LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,337 shares of the company's stock, valued at approximately $1,688,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BROS. Coppell Advisory Solutions LLC boosted its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the 4th quarter valued at about $43,000. Gould Capital LLC grew its position in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on BROS shares. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Barclays raised their price objective on Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. Royal Bank Of Canada began coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target for the company. Finally, The Goldman Sachs Group began coverage on Dutch Bros in a research note on Thursday, June 26th. They set a "neutral" rating and a $75.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average price target of $76.06.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 722,841 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 transaction of $48,300,235.62. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

NYSE BROS traded down $4.47 on Thursday, hitting $58.34. 5,401,324 shares of the company's stock traded hands, compared to its average volume of 2,164,172. The firm has a market capitalization of $9.60 billion, a PE ratio of 149.60, a P/E/G ratio of 3.49 and a beta of 2.65. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The firm's 50-day moving average price is $67.97 and its two-hundred day moving average price is $65.43. 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 announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. As a group, analysts expect that Dutch Bros Inc. will post 0.57 EPS 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.