State of Wyoming Buys New Stake in Dutch Bros Inc. (NYSE:BROS)

State of Wyoming acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,748 shares of the company's stock, valued at approximately $196,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 buying an additional 153,070 shares during the period. FMR LLC lifted its holdings in shares of Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake 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 purchasing an additional 627,875 shares during the period. FIL Ltd bought a new position in Dutch Bros during the 4th quarter valued at about $176,298,000. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros during the 4th quarter valued at about $94,478,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 531,526 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the chairman now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last ninety days. Company insiders own 42.40% of the company's stock.

Dutch Bros Stock Up 0.9%

NYSE:BROS traded up $0.62 during midday trading on Friday, reaching $70.35. 312,272 shares of the stock traded hands, compared to its average volume of 3,165,462. The stock has a market capitalization of $11.57 billion, a PE ratio of 207.45, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The business has a 50-day moving average of $62.64 and a two-hundred day moving average of $61.30.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during 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%. Dutch Bros's revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. On average, equities analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BROS has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Piper Sandler dropped their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Guggenheim lifted their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, Barclays boosted their target price on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average 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.