CWC Advisors LLC. Purchases 4,608 Shares of Dutch Bros Inc. (NYSE:BROS)

CWC Advisors LLC. grew its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 78.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,478 shares of the company's stock after purchasing an additional 4,608 shares during the quarter. CWC Advisors LLC.'s holdings in Dutch Bros were worth $647,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Highland Capital Management LLC bought a new stake in shares of Dutch Bros in the first quarter valued at about $1,662,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dutch Bros during the 1st quarter worth approximately $235,000. Illinois Municipal Retirement Fund bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $776,000. Spire Wealth Management raised its stake in shares of Dutch Bros by 357.4% in the first quarter. Spire Wealth Management now owns 2,877 shares of the company's stock valued at $178,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Dutch Bros in the first quarter worth $313,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Trading Up 2.8%

Shares of NYSE BROS opened at $69.33 on Friday. The company's 50 day simple moving average is $67.35 and its 200 day simple moving average is $64.02. 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 fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm has a market capitalization of $11.40 billion, a P/E ratio of 177.78, a P/E/G ratio of 3.93 and a beta of 2.73.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million for the quarter, compared to analyst estimates 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 was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the 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 $10,641,352.28. Following the completion of the sale, the insider now directly owns 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 704,995 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the sale, the chairman now owns 2,218,611 shares in the company, valued at $151,398,014.64. This trade represents a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BROS. Stifel Nicolaus cut their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Guggenheim lifted their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Wedbush reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Piper Sandler dropped their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Robert W. Baird boosted 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. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.69.

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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