Dutch Bros Inc. (NYSE:BROS) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 49.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,464 shares of the company's stock after selling 5,261 shares during the quarter. Fifth Third Bancorp's holdings in Dutch Bros were worth $337,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BROS. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros in the 4th quarter worth $94,478,000. Scratch Capital LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth $1,260,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth $267,000. Versor Investments LP raised its position in shares of Dutch Bros by 128.7% in the 4th quarter. Versor Investments LP now owns 18,400 shares of the company's stock worth $964,000 after buying an additional 10,355 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of Dutch Bros by 317.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after buying an additional 782,164 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BROS shares. Guggenheim increased their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Robert W. Baird increased their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays increased their target price on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $75.73.

Insider Activity

In related news, Chairman Travis Boersma sold 531,526 shares of Dutch Bros stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the chairman now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of Dutch Bros stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now owns 2,099,499 shares of the company's stock, valued at $138,461,959.05. This trade represents a 5.37% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Stock Down 3.0%

Shares of Dutch Bros stock traded down $2.13 during trading hours on Friday, hitting $67.70. 3,680,578 shares of the company's stock traded hands, compared to its average volume of 3,163,161. The stock has a 50 day simple moving average of $66.25 and a 200-day simple moving average of $63.56. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The company has a market cap of $11.14 billion, a PE ratio of 173.60, a PEG ratio of 3.94 and a beta of 2.73. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $355.15 million during 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 company's revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal 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.