CWC Advisors LLC. Acquires Shares of 5,870 Dutch Bros Inc. (NYSE:BROS)

CWC Advisors LLC. purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,870 shares of the company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gould Capital LLC lifted its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the period. Amalgamated Bank lifted its stake in shares of Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after acquiring an additional 220 shares during the period. Arizona State Retirement System lifted its stake in shares of Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after acquiring an additional 260 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after acquiring an additional 310 shares during the period. Finally, Level Four Advisory Services LLC lifted its stake in shares of Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after acquiring an additional 392 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Barclays boosted their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley set a $80.00 price target on Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Dutch Bros has a consensus rating of "Buy" and an average target price of $75.73.

Dutch Bros Stock Up 3.9%

Shares of NYSE:BROS traded up $2.70 during trading on Friday, reaching $72.43. 2,975,976 shares of the stock were exchanged, compared to its average volume of 3,177,559. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The stock has a fifty day moving average of $62.69 and a two-hundred day moving average of $61.46. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 213.04, 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, topping 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 company had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Dutch Bros's revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the sale, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 704,995 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $48,108,858.80. Following the sale, the chairman now owns 2,218,611 shares of the company's stock, valued at $151,398,014.64. This trade represents a 24.11% decrease in their position. 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 owned by corporate insiders.

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.