Taylor Frigon Capital Management LLC Sells 33,458 Shares of Dutch Bros Inc. (NYSE:BROS)

Taylor Frigon Capital Management LLC lessened its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 53.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,472 shares of the company's stock after selling 33,458 shares during the period. Taylor Frigon Capital Management LLC's holdings in Dutch Bros were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV increased its holdings in shares of Dutch Bros by 15.7% in the 1st quarter. KBC Group NV now owns 5,137 shares of the company's stock worth $317,000 after buying an additional 697 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Dutch Bros in the 1st quarter worth about $758,000. CWC Advisors LLC. lifted its position in Dutch Bros by 78.5% during the 1st quarter. CWC Advisors LLC. now owns 10,478 shares of the company's stock valued at $647,000 after acquiring an additional 4,608 shares during the period. Highland Capital Management LLC purchased a new position in Dutch Bros during the 1st quarter valued at about $1,662,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Dutch Bros during the 1st quarter valued at about $235,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

BROS opened at $69.33 on Monday. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. 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 firm has a market capitalization of $11.40 billion, a PE ratio of 177.78, a P/E/G ratio of 4.14 and a beta of 2.73. The firm has a 50 day moving average of $67.35 and a two-hundred day moving average of $64.18.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share 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 3.20% and a return on equity of 7.73%. The business's quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. On average, analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research analyst reports. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Royal Bank Of Canada initiated coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective on the stock. Piper Sandler lowered their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. Finally, 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 report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.69.

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 dated Thursday, May 22nd. The stock was 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 directly owns 1,940,245 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $48,108,858.80. Following the transaction, the chairman now directly owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. This represents a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is owned by company insiders.

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.

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