Private Advisory Group LLC Makes New $910,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Key Points

• Private Advisory Group LLC acquired a new stake in Dutch Bros Inc., purchasing 14,744 shares valued at approximately $910,000 in the first quarter.
• Wall Street analysts have forecasted a consensus rating of "Buy" for Dutch Bros, with a target price of $76.06 based on recent adjustments from multiple firms.
• Insider activity revealed significant sales, including a transaction where Chairman Travis Boersma sold 722,841 shares at an average price of $66.82, reducing his ownership by 27.14%.

Private Advisory Group LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,744 shares of the company's stock, valued at approximately $910,000.

Several other institutional investors have also bought and sold shares of the stock. FIL Ltd acquired a new position in Dutch Bros during the fourth quarter worth about $176,298,000. FMR LLC lifted its holdings in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after purchasing an additional 627,875 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Dutch Bros by 8,912.8% during the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock valued at $28,614,000 after acquiring an additional 540,207 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $25,706,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

BROS traded up $1.79 during trading on Monday, hitting $58.50. The company's stock had a trading volume of 1,919,922 shares, compared to its average volume of 3,059,009. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 150.04, a price-to-earnings-growth ratio of 3.14 and a beta of 2.63. The firm's 50 day moving average price is $66.76 and its two-hundred day moving average price is $65.59. 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 released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The firm's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. Sell-side 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 159,254 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 $10,641,352.28. Following the transaction, the insider directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the business'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 sale, the chairman owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was 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 valued at $237,721,138. 42.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BROS shares. TD Securities reiterated a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Robert W. Baird upped their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Barclays boosted their price objective on shares of Dutch Bros from $82.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Piper Sandler decreased their target price on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.06.

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.