Barclays PLC boosted its holdings in Dutch Bros Inc. (NYSE:BROS - Get Rating) by 196.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,061 shares of the company's stock after acquiring an additional 89,558 shares during the period. Barclays PLC owned 0.34% of Dutch Bros worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in BROS. Lindbrook Capital LLC raised its stake in Dutch Bros by 831.0% in the 2nd quarter. Lindbrook Capital LLC now owns 931 shares of the company's stock valued at $29,000 after acquiring an additional 831 shares during the period. Ensign Peak Advisors Inc bought a new stake in Dutch Bros in the 2nd quarter valued at $29,000. Captrust Financial Advisors raised its stake in Dutch Bros by 87.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company's stock valued at $35,000 after acquiring an additional 521 shares during the period. Wipfli Financial Advisors LLC bought a new stake in Dutch Bros in the 3rd quarter valued at $37,000. Finally, CWM LLC bought a new stake in Dutch Bros in the 2nd quarter valued at $71,000.
Dutch Bros Stock Performance
BROS opened at $36.96 on Monday. The business's fifty day moving average is $32.78 and its 200-day moving average is $35.03. The firm has a market cap of $1.68 billion, a P/E ratio of -246.38 and a beta of 2.54. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.49. Dutch Bros Inc. has a 52-week low of $20.05 and a 52-week high of $66.00.
Dutch Bros (NYSE:BROS - Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $198.65 million for the quarter, compared to analyst estimates of $196.27 million. Dutch Bros had a negative return on equity of 2.74% and a negative net margin of 1.03%. Sell-side analysts expect that Dutch Bros Inc. will post -0.06 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BROS has been the topic of several recent research reports. Cowen lowered their price objective on Dutch Bros from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, November 10th. Wedbush initiated coverage on Dutch Bros in a research report on Tuesday, January 24th. They set a "neutral" rating and a $37.00 price objective on the stock. Piper Sandler lowered their price objective on Dutch Bros from $40.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, November 10th. Barclays increased their price objective on Dutch Bros from $29.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Jefferies Financial Group lowered their price objective on Dutch Bros from $55.00 to $45.00 in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.36.
Insider Activity at Dutch Bros
In related news, CMO John Patrick Graham sold 8,000 shares of the firm's stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $31.31, for a total value of $250,480.00. Following the sale, the chief marketing officer now directly owns 163,332 shares of the company's stock, valued at $5,113,924.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 49.30% of the stock is currently owned by insiders.
About Dutch Bros
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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.
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