State of Wyoming Invests $196,000 in Dutch Bros Inc. (NYSE:BROS)

State of Wyoming bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,748 shares of the company's stock, valued at approximately $196,000.

Several other large investors also recently bought and sold shares of BROS. Point72 Hong Kong Ltd boosted its stake in Dutch Bros by 2,203.9% during the 4th quarter. Point72 Hong Kong Ltd now owns 26,195 shares of the company's stock worth $1,372,000 after purchasing an additional 25,058 shares during the period. Numerai GP LLC lifted its holdings in shares of Dutch Bros by 14.8% in the fourth quarter. Numerai GP LLC now owns 19,643 shares of the company's stock valued at $1,029,000 after purchasing an additional 2,528 shares in the last quarter. Obermeyer Wealth Partners purchased a new position in Dutch Bros during the fourth quarter worth $241,000. Millennium Management LLC raised its holdings in shares of Dutch Bros by 7.5% in the fourth quarter. Millennium Management LLC now owns 1,295,545 shares of the company's stock worth $67,861,000 after acquiring an additional 90,166 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Dutch Bros in the fourth quarter worth $2,585,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of Dutch Bros stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total transaction of $7,855,436.40. Following the sale, the insider now directly owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. The trade was a 5.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of Dutch Bros stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the sale, the chairman now owns 2,218,611 shares in the company, valued at approximately $151,398,014.64. This trade represents a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BROS shares. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Barclays boosted their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Piper Sandler decreased their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Guggenheim increased their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Royal Bank of Canada assumed coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $75.73.

Dutch Bros Price Performance

NYSE BROS traded up $0.56 on Wednesday, reaching $70.71. 1,662,115 shares of the stock traded hands, compared to its average volume of 3,178,200. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 207.98, a P/E/G ratio of 4.23 and a beta of 2.71. The firm's fifty day simple moving average is $62.55 and its 200 day simple moving average is $61.09. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

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 (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

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.