Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 366.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,773 shares of the company's stock after buying an additional 18,671 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Dutch Bros were worth $1,468,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros during the first quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros in the fourth quarter worth approximately $43,000. Gould Capital LLC increased its stake 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 buying an additional 140 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business's stock in a transaction 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 transaction, the insider directly owned 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 722,841 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 value of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $68.44 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88. The firm has a fifty day moving average price of $67.58 and a 200-day moving average price of $64.29. The stock has a market cap of $11.26 billion, a PE ratio of 175.49, a price-to-earnings-growth ratio of 4.14 and a beta of 2.73.

Dutch Bros (NYSE:BROS - Get Free Report) last released 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 business had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The business's revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

BROS has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. 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. Guggenheim upped their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Finally, Robert W. Baird raised their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.94.

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.

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