Dutch Bros Inc. (NYSE:BROS) Stake Cut by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 834,709 shares of the company's stock after selling 1,148,659 shares during the period. Wellington Management Group LLP owned 0.54% of Dutch Bros worth $43,722,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BROS. CWC Advisors LLC. bought a new stake in shares of Dutch Bros during the fourth quarter worth $307,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dutch Bros during the fourth quarter worth $267,000. Copia Wealth Management bought a new stake in shares of Dutch Bros during the fourth quarter worth $73,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dutch Bros during the fourth quarter worth $5,700,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth $2,585,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $10,599,173.28. Following the completion of the transaction, the insider now owns 2,218,611 shares in the company, valued at $151,398,014.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 540,638 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the transaction, the chairman now directly owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. The trade was a 20.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target on the stock. Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research report on Monday, March 31st. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. Piper Sandler cut their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, UBS Group lowered their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $75.73.

Dutch Bros Stock Performance

Shares of BROS stock traded down $0.27 during trading hours on Tuesday, hitting $71.49. The company's stock had a trading volume of 741,953 shares, compared to its average volume of 3,169,407. The company has a 50 day moving average of $62.75 and a 200 day moving average of $61.84. The stock has a market cap of $11.76 billion, a PE ratio of 210.27, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.75% and a return on equity of 6.78%. Dutch Bros's quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal 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.