Prosperity Wealth Management Inc. Sells 4,635 Shares of Dutch Bros Inc. (NYSE:BROS)

Prosperity Wealth Management Inc. reduced its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 48.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,950 shares of the company's stock after selling 4,635 shares during the period. Prosperity Wealth Management Inc.'s holdings in Dutch Bros were worth $306,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BROS. Vanguard Group Inc. boosted its position in Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after purchasing an additional 153,070 shares during the period. FMR LLC lifted its stake in shares of Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after buying an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after buying an additional 627,875 shares during the period. FIL Ltd acquired a new position in Dutch Bros in the 4th quarter valued at about $176,298,000. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros in the 4th quarter valued at about $94,478,000. Institutional investors own 85.54% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm'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 completion of the transaction, the insider now owns 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $48,300,235.62. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is currently owned by insiders.

Dutch Bros Price Performance

Shares of BROS stock traded down $1.57 on Friday, hitting $68.26. 633,731 shares of the company's stock were exchanged, compared to its average volume of 3,154,255. The company has a 50 day moving average of $66.05 and a 200 day moving average of $63.40. The stock has a market cap of $11.23 billion, a P/E ratio of 174.82, a price-to-earnings-growth ratio of 4.07 and a beta of 2.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. On average, equities research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BROS. Stifel Nicolaus decreased their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Guggenheim upped their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. UBS Group lowered their price target on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Barclays boosted their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Robert W. Baird lifted their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $75.73.

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.