Obermeyer Wealth Partners Invests $241,000 in Dutch Bros Inc. (NYSE:BROS)

Obermeyer Wealth Partners bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,610 shares of the company's stock, valued at approximately $241,000.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Dutch Bros in the 4th quarter worth about $94,478,000. Clear Creek Financial Management LLC purchased a new position in Dutch Bros in the 4th quarter worth about $288,000. Ferguson Wellman Capital Management Inc. purchased a new position in Dutch Bros in the 4th quarter worth about $304,000. Allspring Global Investments Holdings LLC increased its stake in Dutch Bros by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after purchasing an additional 17,402 shares in the last quarter. Finally, Scratch Capital LLC purchased a new position in Dutch Bros in the 4th quarter worth about $1,260,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BROS shares. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. Finally, Robert W. Baird upped their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average target price of $75.73.

Dutch Bros Stock Up 3.1%

Shares of NYSE BROS traded up $2.23 during trading hours on Friday, hitting $73.86. The stock had a trading volume of 5,241,466 shares, compared to its average volume of 3,148,010. The company has a market capitalization of $11.39 billion, a P/E ratio of 217.23, a P/E/G ratio of 4.23 and a beta of 2.71. The firm's 50-day moving average price is $61.81 and its two-hundred day moving average price is $59.39. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

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

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 20.65% 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. 42.40% of the stock is owned by corporate insiders.

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.