Verdence Capital Advisors LLC Acquires New Shares in Dutch Bros Inc. (NYSE:BROS)

Verdence Capital Advisors LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,237 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors have also made changes to their positions in the stock. Xponance Inc. grew its holdings in Dutch Bros by 15.5% during the 4th quarter. Xponance Inc. now owns 8,779 shares of the company's stock worth $460,000 after acquiring an additional 1,175 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Dutch Bros in the 4th quarter valued at $274,000. Sei Investments Co. grew its position in shares of Dutch Bros by 3.0% in the 4th quarter. Sei Investments Co. now owns 373,465 shares of the company's stock valued at $19,562,000 after buying an additional 10,775 shares during the last quarter. AXQ Capital LP acquired a new stake in Dutch Bros during the 4th quarter worth $616,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Dutch Bros in the fourth quarter valued at $1,189,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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 that occurred on 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 sale, the insider directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the business's 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 completion of the sale, the chairman owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 27.14% 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 worth $237,721,138 over the last 90 days. 42.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Securities reissued a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a report on Thursday, May 8th. Wells Fargo & Company assumed coverage on Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target for the company. Royal Bank Of Canada initiated coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price for the company. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Finally, Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an "overweight" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $76.06.

Dutch Bros Trading Up 0.4%

Shares of Dutch Bros stock traded up $0.22 during trading hours on Tuesday, reaching $62.79. The stock had a trading volume of 1,502,054 shares, compared to its average volume of 3,071,800. The firm has a 50 day simple moving average of $68.71 and a two-hundred day simple moving average of $65.42. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 161.00, a P/E/G ratio of 3.86 and a beta of 2.65. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data 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. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. During the same period in the previous year, the business earned $0.09 EPS. Dutch Bros's revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share 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.