Wedmont Private Capital Makes New $306,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Wedmont Private Capital purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,315 shares of the company's stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC grew its holdings in Dutch Bros by 638.6% during 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 last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter worth $31,000. Bernard Wealth Management Corp. purchased a new stake in Dutch Bros during the fourth quarter worth $43,000. Gould Capital LLC lifted its holdings in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Dutch Bros during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the company'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 completion of the transaction, the chairman now owns 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company'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 now directly owns 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Stock Down 4.7%

Dutch Bros stock traded down $3.39 during midday trading on Friday, reaching $68.01. The stock had a trading volume of 4,156,534 shares, compared to its average volume of 3,174,330. The firm's fifty day simple moving average is $65.08 and its 200-day simple moving average is $63.09. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The stock has a market capitalization of $11.19 billion, a P/E ratio of 200.05, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Dutch Bros (NYSE:BROS - Get Free Report) last announced 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 business had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. Dutch Bros's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. As a group, analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the subject of several recent research reports. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. UBS Group reduced their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird increased 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. Stifel Nicolaus reduced their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Royal Bank of Canada started coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $75.73.

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.