Northern Trust Corp Acquires 287,942 Shares of Dutch Bros Inc. (NYSE:BROS)

Northern Trust Corp lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 784,580 shares of the company's stock after buying an additional 287,942 shares during the period. Northern Trust Corp owned about 0.51% of Dutch Bros worth $41,096,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. FIL Ltd bought a new stake in shares of Dutch Bros in the 4th quarter valued at about $176,298,000. FMR LLC increased its position in Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after buying an additional 3,227,435 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Dutch Bros in the fourth quarter valued at approximately $94,478,000. Concurrent Investment Advisors LLC lifted its position in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock valued at $53,878,000 after buying an additional 782,164 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Dutch Bros during the 4th quarter worth approximately $25,706,000. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of several research reports. Barclays raised their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. TD Securities reiterated a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research note on Thursday. UBS Group cut 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. Finally, Jefferies Financial Group upped their target price on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $75.21.

Dutch Bros Price Performance

BROS traded down $1.01 on Friday, hitting $63.44. 3,007,616 shares of the stock were exchanged, compared to its average volume of 3,162,434. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 186.59, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The business has a 50-day moving average of $61.01 and a two-hundred day moving average of $58.47.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the transaction, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 42.40% of the company's stock.

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.