NBC Securities Inc. Grows Stake in Dutch Bros Inc. (NYSE:BROS)

NBC Securities Inc. grew its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 49,758.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,983 shares of the company's stock after purchasing an additional 5,971 shares during the period. NBC Securities Inc.'s holdings in Dutch Bros were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC increased its position in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $43,000. Gould Capital LLC grew its holdings in shares of Dutch Bros by 20.4% in the 4th 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Trading Up 0.4%

Shares of Dutch Bros stock traded up $0.28 during trading hours on Monday, reaching $73.36. 2,570,205 shares of the company's stock were exchanged, compared to its average volume of 3,189,846. 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 $12.07 billion, a price-to-earnings ratio of 215.77, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The company has a fifty day moving average of $63.73 and a 200-day moving average of $62.60. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly 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 quarter in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 28.7% compared to the same quarter last year. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company assumed coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target on the stock. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a report on Monday, March 31st. Piper Sandler lowered their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Robert W. Baird upped their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One investment 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 company's stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of "Buy" and an average target price of $75.73.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the stock in a transaction on 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 transaction, the insider now directly owns 2,099,499 shares of the company's stock, valued at approximately $138,461,959.05. This trade represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 540,638 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the transaction, the chairman now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This trade represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is currently owned by company 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.