Vanguard Group Inc. Sells 262,220 Shares of Dutch Bros Inc. $BROS

Vanguard Group Inc. decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,922,294 shares of the company's stock after selling 262,220 shares during the period. Vanguard Group Inc. owned 6.43% of Dutch Bros worth $612,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the 1st quarter valued at $31,000. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the 4th quarter valued at $43,000. Finally, GAMMA Investing LLC boosted its holdings 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 period. 85.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. CICC Research initiated coverage on shares of Dutch Bros in a research report on Monday, June 30th. They set an "outperform" rating and a $80.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of "Buy" and a consensus target price of $77.82.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the transaction, the chairman directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the transaction, the insider directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,402,162 shares of company stock worth $161,160,132 over the last ninety days. 42.40% of the stock is currently owned by insiders.

Dutch Bros Trading Up 1.7%

Shares of NYSE BROS traded up $1.08 during trading hours on Monday, hitting $64.07. The company's stock had a trading volume of 1,056,668 shares, compared to its average volume of 3,200,908. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 136.45, a P/E/G ratio of 3.54 and a beta of 2.63. Dutch Bros Inc. has a 12 month low of $30.30 and a 12 month high of $86.88. The business has a 50-day simple moving average of $65.34 and a 200-day simple moving average of $65.84.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million for 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 firm's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share 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.