Nuveen Asset Management LLC Has $13.16 Million Position in Dutch Bros Inc. (NYSE:BROS)

Nuveen Asset Management LLC cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,153 shares of the company's stock after selling 16,107 shares during the period. Nuveen Asset Management LLC owned approximately 0.16% of Dutch Bros worth $13,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Dutch Bros by 638.6% in 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. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $43,000. SBI Securities Co. Ltd. bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $53,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $60,000. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada assumed coverage on Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target on the stock. Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Wells Fargo & Company assumed coverage on Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price on the stock. Finally, Barclays upped their target price on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $75.73.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the transaction, the chairman now directly owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider now owns 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 disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 over the last 90 days. 42.40% of the stock is owned by corporate insiders.

Dutch Bros Stock Performance

NYSE BROS traded up $2.70 during trading on Friday, reaching $72.43. 2,975,976 shares of the company's stock were exchanged, compared to its average volume of 3,179,050. The business has a 50 day moving average price of $62.69 and a 200-day moving average price of $61.56. The stock has a market capitalization of $11.91 billion, a P/E ratio of 213.04, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced 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 firm had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The business's revenue was up 28.7% compared to the same quarter last year. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

About Dutch Bros

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.