Mercer Global Advisors Inc. ADV Invests $280,000 in Dutch Bros Inc. (NYSE:BROS)

Mercer Global Advisors Inc. ADV bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 5,354 shares of the company's stock, valued at approximately $280,000.

A number of other large investors have also recently made changes to their positions in BROS. R Squared Ltd purchased a new position in shares of Dutch Bros during the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC boosted its stake in shares of 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 purchasing an additional 447 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of Dutch Bros during the 4th quarter worth about $43,000. SBI Securities Co. Ltd. purchased a new position in shares of Dutch Bros during the 4th quarter worth about $53,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth about $60,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Performance

NYSE:BROS traded down $1.89 during trading hours on Monday, reaching $71.83. 3,238,970 shares of the company's stock were exchanged, compared to its average volume of 3,147,343. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 211.27, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a 50-day moving average of $61.81 and a 200 day moving average of $59.76. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88.

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 analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same quarter in the prior year, the business earned $0.09 EPS. Dutch Bros's quarterly revenue was up 28.7% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. 42.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on BROS. Guggenheim boosted their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Barclays boosted their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Robert W. Baird boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, UBS Group lowered 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 report on Monday, May 5th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus 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.