Allspring Global Investments Holdings LLC Decreases Stake in Dutch Bros Inc. (NYSE:BROS)

Allspring Global Investments Holdings LLC reduced its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,721 shares of the company's stock after selling 47,168 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Dutch Bros worth $5,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Dutch Bros by 130.5% during the first quarter. Bank of New York Mellon Corp now owns 62,839 shares of the company's stock valued at $3,474,000 after acquiring an additional 35,574 shares in the last quarter. HighTower Advisors LLC increased its stake in Dutch Bros by 7.9% during the first quarter. HighTower Advisors LLC now owns 8,894 shares of the company's stock worth $493,000 after acquiring an additional 651 shares during the last quarter. Blair William & Co. IL raised its position in Dutch Bros by 422.9% during the first quarter. Blair William & Co. IL now owns 182,592 shares of the company's stock valued at $10,092,000 after purchasing an additional 147,673 shares during the period. Sei Investments Co. bought a new stake in shares of Dutch Bros in the 1st quarter valued at approximately $943,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Dutch Bros by 96.3% in the 1st quarter. Cetera Investment Advisers now owns 9,354 shares of the company's stock worth $517,000 after purchasing an additional 4,590 shares during the period. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on BROS shares. TD Cowen restated a "hold" rating and issued a $33.00 price target on shares of Dutch Bros in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 19th. Barclays reduced their price objective on shares of Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 22nd. Guggenheim restated a "neutral" rating and set a $30.00 target price on shares of Dutch Bros in a research report on Friday, April 5th. Finally, Piper Sandler upgraded Dutch Bros from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Dutch Bros has an average rating of "Moderate Buy" and a consensus price target of $34.44.

Dutch Bros Trading Down 0.7 %

Shares of NYSE BROS traded down $0.20 during trading hours on Friday, reaching $29.97. The stock had a trading volume of 1,694,689 shares, compared to its average volume of 1,964,215. Dutch Bros Inc. has a 52-week low of $22.67 and a 52-week high of $36.17. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 999.00 and a beta of 2.41. The business's fifty day moving average price is $31.12 and its two-hundred day moving average price is $28.83. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

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

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 404,950 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the sale, the chairman now owns 1,378,683 shares of the company's stock, valued at approximately $38,685,844.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of Dutch Bros stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the transaction, the insider now owns 1,378,683 shares in the company, valued at $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 in the last three months. Corporate insiders own 46.50% of the company's stock.

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.