Pallas Capital Advisors LLC Buys New Shares in Dutch Bros Inc. (NYSE:BROS)

Pallas Capital Advisors LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,885 shares of the company's stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Dutch Bros by 8.9% in the first quarter. Farther Finance Advisors LLC now owns 6,858 shares of the company's stock valued at $421,000 after buying an additional 558 shares in the last quarter. Wedmont Private Capital bought a new position in Dutch Bros during the 1st quarter worth $306,000. Radnor Capital Management LLC raised its position in shares of Dutch Bros by 14.4% in the 1st quarter. Radnor Capital Management LLC now owns 5,310 shares of the company's stock worth $328,000 after acquiring an additional 670 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Dutch Bros in the 1st quarter worth about $359,000. Finally, NBC Securities Inc. increased its position in Dutch Bros by 49,758.3% in the 1st quarter. NBC Securities Inc. now owns 5,983 shares of the company's stock valued at $369,000 after buying an additional 5,971 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BROS shares. Guggenheim boosted their price objective on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Stifel Nicolaus dropped their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company started coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. Robert W. Baird increased their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Piper Sandler dropped their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $75.73.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 722,841 shares of the firm's 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 transaction, the chairman now directly owns 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the transaction, the insider now owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Stock Down 4.7%

BROS stock traded down $3.39 on Friday, reaching $68.01. 4,156,534 shares of the company traded hands, compared to its average volume of 3,174,330. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a market cap of $11.19 billion, a P/E ratio of 200.05, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The firm has a fifty day simple moving average of $65.08 and a 200-day simple moving average of $63.02.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company's quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Dutch Bros Company 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.