Private Advisory Group LLC Purchases New Shares 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 acquired a new stake in shares of 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 (SEC). The firm acquired 14,744 shares of the company's stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Coppell Advisory Solutions LLC increased its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Dutch Bros during the 1st quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in Dutch Bros in the 1st quarter worth about $31,000. Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the fourth quarter worth about $43,000. Finally, Gould Capital LLC boosted its position in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BROS shares. UBS Group decreased their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Robert W. Baird lifted their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays upped their price target on shares of Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada began coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective for the company. Finally, Piper Sandler dropped their target price on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of "Buy" and a consensus target price of $76.06.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business's stock in a transaction 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 sale, the insider directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the chairman owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by insiders.

Dutch Bros Stock Performance

Shares of BROS stock opened at $60.12 on Thursday. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The business's fifty day simple moving average is $67.26 and its 200-day simple moving average is $65.54. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The company has a market cap of $9.89 billion, a PE ratio of 154.16, a PEG ratio of 3.23 and a beta of 2.65.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the business posted $0.09 earnings per share. The firm's revenue was up 28.7% compared to the same quarter last year. Analysts expect 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.

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