International Assets Investment Management LLC Acquires Shares of 24,164 Dutch Bros Inc. (NYSE:BROS)

International Assets Investment Management LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,164 shares of the company's stock, valued at approximately $763,000.

Several other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros during the fourth quarter valued at approximately $40,000. Allworth Financial LP boosted its stake in shares of Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company's stock valued at $51,000 after purchasing an additional 471 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Dutch Bros by 31.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company's stock valued at $79,000 after purchasing an additional 590 shares in the last quarter. Bullseye Asset Management LLC bought a new position in shares of Dutch Bros during the third quarter valued at approximately $116,000. Finally, Victory Capital Management Inc. bought a new position in shares of Dutch Bros during the third quarter valued at approximately $204,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $1.08 on Friday, hitting $36.70. 3,405,996 shares of the company were exchanged, compared to its average volume of 3,136,923. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $38.41. The stock's 50 day moving average price is $32.12 and its 200 day moving average price is $29.72. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.50 billion, a P/E ratio of 203.90, a price-to-earnings-growth ratio of 4.62 and a beta of 2.43.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Sell-side analysts predict that Dutch Bros Inc. will post 0.29 EPS for the current year.

Insider Transactions at Dutch Bros

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction on Friday, March 1st. The shares were sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the completion of the transaction, the insider now owns 1,378,683 shares of the company's stock, valued at $38,685,844.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,988,682 shares of company stock worth $564,373,806. Company insiders own 46.50% of the company's stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of recent research reports. Guggenheim reiterated a "neutral" rating and set a $30.00 price objective on shares of Dutch Bros in a research note on Friday, April 5th. Piper Sandler upgraded shares of Dutch Bros from a "neutral" rating to an "overweight" rating and raised their target price for the company from $32.00 to $37.00 in a research note on Monday, March 4th. TD Cowen upgraded shares of Dutch Bros from a "hold" rating to a "buy" rating and raised their target price for the company from $33.00 to $46.00 in a research note on Friday, May 10th. Wedbush raised their target price on shares of Dutch Bros from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Barclays raised their target price on shares of Dutch Bros from $30.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.33.

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.