Van Hulzen Asset Management LLC Lowers Position in Dutch Bros Inc. $BROS

Key Points

• Van Hulzen Asset Management LLC has reduced its holdings in Dutch Bros Inc. by 35.7%, now owning shares worth approximately $443,000 after selling 3,990 shares in the 1st quarter.
• Several institutional investors, including RPG Investment Advisory LLC and 1832 Asset Management L.P., have increased their stakes in Dutch Bros, indicating positive sentiment towards the stock.
• Dutch Bros reported an EPS of $0.26 for the last quarter, surpassing analysts' expectations of $0.18 and reflecting a 28.0% year-over-year revenue growth.

Van Hulzen Asset Management LLC reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,180 shares of the company's stock after selling 3,990 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Dutch Bros were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gould Capital LLC lifted its holdings in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the last quarter. Hollencrest Capital Management increased its position in Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock worth $68,000 after purchasing an additional 192 shares in the last quarter. Copia Wealth Management increased its position 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 purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research analyst reports. Robert W. Baird upped their price target 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. Royal Bank Of Canada boosted their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. UBS Group dropped their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Barclays lifted their price target on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Piper Sandler lowered their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $79.76.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the transaction, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 in the last three months. Insiders own 42.40% of the company's stock.

Dutch Bros Trading Up 1.4%

Shares of NYSE:BROS traded up $0.98 during mid-day trading on Wednesday, hitting $73.25. The company had a trading volume of 3,275,311 shares, compared to its average volume of 3,221,423. The firm has a fifty day moving average price of $64.70 and a 200 day moving average price of $65.88. The company has a market capitalization of $12.05 billion, a PE ratio of 155.86, a price-to-earnings-growth ratio of 3.91 and a beta of 2.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. Dutch Bros Inc. has a one year low of $30.30 and a one year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. As a group, research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.