Dutch Bros Inc. (NYSE:BROS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its position in Dutch Bros Inc. (NYSE:BROS) by 13.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 133,321 shares of the company’s stock after selling 20,814 shares during the period. Blair William & Co. IL owned approximately 0.08% of Dutch Bros worth $5,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP acquired a new position in Dutch Bros during the first quarter worth $41,988,000. Neuberger Berman Group LLC boosted its position in shares of Dutch Bros by 17.7% during the 4th quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock worth $879,000 after purchasing an additional 4,170 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros during the 1st quarter worth $4,430,000. Janney Montgomery Scott LLC increased its holdings in shares of Dutch Bros by 96.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Dutch Bros in the 1st quarter valued at about $200,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 18,223 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the sale, the chairman now directly owns 263,954 shares in the company, valued at $9,008,750.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,885 shares of company stock worth $36,124,009. 46.50% of the stock is owned by insiders.

Analysts Set New Price Targets

BROS has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Dutch Bros in a research note on Thursday, August 8th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird lowered their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

Dutch Bros Stock Up 0.2 %

Shares of NYSE:BROS opened at $34.92 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.19 billion, a P/E ratio of 194.00, a P/E/G ratio of 2.70 and a beta of 2.49. Dutch Bros Inc. has a 52-week low of $22.67 and a 52-week high of $43.49. The stock’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $34.70.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Dutch Bros Company 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.