Nisa Investment Advisors LLC Purchases Shares of 6,748 Dutch Bros Inc. (NYSE:BROS)

Nisa Investment Advisors LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,748 shares of the company's stock, valued at approximately $417,000.

Several other institutional investors also recently modified their holdings of the business. M&T Bank Corp increased its stake in Dutch Bros by 69.7% during the 1st quarter. M&T Bank Corp now owns 9,558 shares of the company's stock valued at $590,000 after purchasing an additional 3,925 shares in the last quarter. Penserra Capital Management LLC increased its stake in Dutch Bros by 64.0% during the 1st quarter. Penserra Capital Management LLC now owns 28,385 shares of the company's stock valued at $1,752,000 after purchasing an additional 11,078 shares in the last quarter. One Day In July LLC increased its stake in Dutch Bros by 14.6% during the 1st quarter. One Day In July LLC now owns 13,184 shares of the company's stock valued at $814,000 after purchasing an additional 1,684 shares in the last quarter. Calamos Advisors LLC bought a new stake in Dutch Bros during the 1st quarter valued at about $362,000. Finally, Teacher Retirement System of Texas bought a new stake in Dutch Bros during the 1st quarter valued at about $1,144,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Performance

Shares of BROS traded up $0.55 on Thursday, reaching $63.43. The company's stock had a trading volume of 1,888,616 shares, compared to its average volume of 3,092,988. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a market capitalization of $10.43 billion, a P/E ratio of 162.64, a PEG ratio of 3.83 and a beta of 2.65. The stock's 50 day simple moving average is $68.69 and its two-hundred day simple moving average is $65.18. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm's revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction that occurred 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 transaction, the insider owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BROS shares. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. TD Securities restated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Barclays raised their price objective on shares of Dutch Bros from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Royal Bank Of Canada started coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target for the company. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Dutch Bros currently has an average rating of "Buy" and an average price target of $76.06.

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.