LPL Financial LLC Boosts Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

LPL Financial LLC boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,975 shares of the company's stock after purchasing an additional 38,585 shares during the period. LPL Financial LLC owned about 0.23% of Dutch Bros worth $21,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Coppell Advisory Solutions LLC boosted its position in shares of 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 purchased a new stake in shares of Dutch Bros in the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. bought a new position in shares of Dutch Bros in the 1st quarter worth about $31,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the 4th quarter valued at about $43,000. Finally, Gould Capital LLC boosted its stake in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. CICC Research began coverage on shares of Dutch Bros in a research note on Monday, June 30th. They set an "outperform" rating and a $80.00 target price for the company. TD Securities reissued a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Stifel Nicolaus lowered their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price target on the stock. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $76.06.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider directly owned 2,373,933 shares in the company, valued at $170,970,654.66. This trade represents a 18.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was 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 directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 up $0.51 during trading hours on Wednesday, hitting $57.96. 7,010,137 shares of the company's stock traded hands, compared to its average volume of 3,100,928. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The firm has a market capitalization of $9.53 billion, a P/E ratio of 148.62, a P/E/G ratio of 3.23 and a beta of 2.63. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The business's fifty day moving average price is $66.32 and its two-hundred day moving average price is $65.53.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. Equities research analysts predict 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.