Dutch Bros Inc. (NYSE:BROS) Shares Sold by Prosperity Wealth Management Inc.

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gould Capital LLC lifted its stake in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares during the last quarter. Copia Wealth Management lifted its stake 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 acquiring an additional 205 shares in the last quarter. Amalgamated Bank lifted its stake in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after acquiring an additional 220 shares in the last quarter. Arizona State Retirement System lifted its stake in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after acquiring an additional 260 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after acquiring an additional 310 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Down 3.0%

Dutch Bros stock traded down $2.13 during midday trading on Friday, reaching $67.70. The company's stock had a trading volume of 3,680,578 shares, compared to its average volume of 3,163,161. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The company has a market cap of $11.14 billion, a P/E ratio of 173.60, a P/E/G ratio of 3.94 and a beta of 2.73. The business has a 50-day simple moving average of $66.25 and a 200-day simple moving average of $63.56.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The company had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Securities reissued a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Robert W. Baird increased their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Barclays increased their price objective on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company began coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $75.73.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $35,655,076.10. Following the transaction, the chairman now directly owns 2,099,499 shares of the company's stock, valued at $138,461,959.05. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the transaction, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last ninety days. 42.40% of the stock is owned by corporate insiders.

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.