Pinnacle Wealth Management LLC Makes New Investment in Dutch Bros Inc. $BROS

Key Points

• Pinnacle Wealth Management LLC has acquired a new position in Dutch Bros Inc., purchasing 8,659 shares valued at approximately $535,000 during the first quarter.
• Analysts have given a mixed reception to Dutch Bros, with Barclays raising their price target from $84.00 to $92.00 while UBS lowered theirs from $90.00 to $80.00, but overall the stock maintains a consensus rating of "Buy."
• Insider activity has seen significant share sales, with major shareholders offloading over 2.4 million shares combined in the last ninety days, representing a considerable decrease in their holdings.

Pinnacle Wealth Management LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,659 shares of the company's stock, valued at approximately $535,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BROS. Gould Capital LLC lifted its position in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares in the last quarter. Hollencrest Capital Management lifted its position in Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock worth $68,000 after buying an additional 192 shares in the last quarter. Copia Wealth Management lifted its position in Dutch Bros by 14.7% during the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after buying an additional 205 shares in the last quarter. GAMMA Investing LLC lifted its position in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after buying an additional 378 shares in the last quarter. Finally, Coppell Advisory Solutions LLC lifted 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 buying an additional 447 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays boosted their price objective on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. TD Securities reissued a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. CICC Research assumed coverage on Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective for the company. UBS Group dropped their price objective on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Guggenheim increased their target price on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.82.

Dutch Bros Stock Performance

Shares of BROS stock opened at $63.00 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The company has a market capitalization of $10.36 billion, a P/E ratio of 134.05, a price-to-earnings-growth ratio of 3.54 and a beta of 2.63. The company's 50 day moving average price is $65.34 and its two-hundred day moving average price is $65.84. Dutch Bros Inc. has a 52 week low of $30.30 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. On average, analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's 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 $10,641,352.28. Following the completion of the transaction, the insider directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,402,162 shares of company stock valued at $161,160,132 over the last ninety days. Company insiders own 42.40% of the company's stock.

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.

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