Vanguard Group Inc. Has $107.29 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Vanguard Group Inc. lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,614,550 shares of the company's stock after purchasing an additional 1,120,908 shares during the quarter. Vanguard Group Inc. owned about 2.61% of Dutch Bros worth $107,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in shares of Dutch Bros by 42.9% in the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company's stock worth $199,526,000 after buying an additional 2,578,145 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock worth $27,369,000 after buying an additional 773,616 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Dutch Bros in the 3rd quarter worth about $11,549,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Dutch Bros in the 3rd quarter worth about $9,861,000. Finally, Citigroup Inc. boosted its position in shares of Dutch Bros by 2,459.1% in the 3rd quarter. Citigroup Inc. now owns 437,910 shares of the company's stock worth $10,181,000 after buying an additional 420,798 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Up 1.2 %

Shares of BROS stock traded up $0.39 during trading hours on Friday, hitting $32.88. 1,585,443 shares of the company were exchanged, compared to its average volume of 2,010,110. The firm has a market cap of $5.82 billion, a PE ratio of 1,081.67 and a beta of 2.41. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $36.17. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $30.01 and a 200 day moving average of $28.23.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. Analysts expect that Dutch Bros Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total value of $271,040,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian Maxwell sold 36,026 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.12, for a total transaction of $1,265,233.12. Following the completion of the sale, the chief operating officer now directly owns 1,003,620 shares of the company's stock, valued at approximately $35,247,134.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,907,188 shares of company stock valued at $561,438,392. 49.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Wedbush restated an "outperform" rating and issued a $37.00 target price on shares of Dutch Bros in a report on Wednesday. TD Cowen restated a "market perform" rating and issued a $33.00 target price on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Guggenheim restated a "neutral" rating and issued a $30.00 target price on shares of Dutch Bros in a report on Friday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.44.

About Dutch Bros

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.