Wedmont Private Capital Buys New Shares in Dutch Bros Inc. (NYSE:BROS)

Wedmont Private Capital bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,315 shares of the company's stock, valued at approximately $306,000.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the 1st quarter valued at $31,000. Coppell Advisory Solutions LLC raised its position in shares of Dutch Bros by 638.6% in 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 in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the 4th quarter valued at about $43,000. Gould Capital LLC increased its holdings in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Dutch Bros during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Performance

BROS stock traded down $3.39 on Friday, hitting $68.01. The company had a trading volume of 4,156,534 shares, compared to its average volume of 3,174,330. 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 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock's 50-day simple moving average is $65.08 and its 200 day simple moving average is $63.02. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 200.05, a P/E/G ratio of 4.23 and a beta of 2.73.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The company's revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 531,526 shares of Dutch Bros stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the chairman now owns 2,373,933 shares in the company, valued at $170,970,654.66. This trade represents a 18.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of Dutch Bros stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total transaction of $7,855,436.40. Following the transaction, the insider now owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. 42.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BROS has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Robert W. Baird upped their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Stifel Nicolaus dropped their target price on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Securities reaffirmed a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $75.73.

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.