Wedbush Securities Inc. Raises Stake in Dutch Bros Inc. (NYSE:BROS)

Wedbush Securities Inc. lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 39.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,489 shares of the company's stock after acquiring an additional 4,362 shares during the quarter. Wedbush Securities Inc.'s holdings in Dutch Bros were worth $956,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BROS. Vanguard Group Inc. grew its holdings in Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after buying an additional 153,070 shares in the last quarter. FMR LLC increased its holdings in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after purchasing an additional 627,875 shares in the last quarter. FIL Ltd bought a new position in shares of Dutch Bros during the 4th quarter valued at about $176,298,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Dutch Bros by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock valued at $94,079,000 after purchasing an additional 22,214 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BROS shares. Melius Research raised Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada initiated coverage on Dutch Bros in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target for the company. TD Securities restated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. UBS Group dropped their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Piper Sandler reduced their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and a consensus price target of $76.06.

Dutch Bros Stock Up 1.7%

BROS traded up $1.01 during trading hours on Friday, hitting $59.47. 3,333,714 shares of the company's stock were exchanged, compared to its average volume of 2,291,797. The firm has a market cap of $9.78 billion, a P/E ratio of 152.50, a price-to-earnings-growth ratio of 3.23 and a beta of 2.65. 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 50 day moving average of $67.69 and a 200 day moving average of $65.45.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 7.73% and a net margin of 3.20%. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the insider directly owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 722,841 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 $48,300,235.62. Following the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last quarter. 42.40% of the stock is currently owned by company insiders.

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.