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

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Dutch Bros in the 4th quarter valued at approximately $94,478,000. Clear Creek Financial Management LLC acquired a new position in Dutch Bros during the fourth quarter valued at approximately $288,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $304,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Dutch Bros by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after buying an additional 17,402 shares during the last quarter. Finally, Scratch Capital LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $1,260,000. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target on the stock. Barclays boosted their price objective on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, TD Securities reiterated a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $75.73.

Dutch Bros Price Performance

NYSE BROS traded up $2.70 on Friday, reaching $72.43. The company's stock had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.91 billion, a PE ratio of 213.04, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The business has a 50-day moving average price of $62.69 and a 200 day moving average price of $61.66.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. Dutch Bros's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 2,373,933 shares in the company, valued at $170,970,654.66. This represents a 18.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of Dutch Bros stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the transaction, the chairman now owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. The trade was a 24.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 over the last three months. 42.40% of the stock is currently owned by corporate insiders.

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.