Dutch Bros Inc. (NYSE:BROS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dutch Bros Inc. (NYSE:BROS) by 38.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 212,834 shares of the company’s stock after acquiring an additional 58,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Dutch Bros worth $6,817,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC lifted its stake in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management lifted its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Finally, Abound Wealth Management acquired a new stake in shares of Dutch Bros in the second quarter valued at about $39,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group raised their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.40.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $52.01 on Wednesday. The company has a market cap of $8.02 billion, a PE ratio of 179.34, a price-to-earnings-growth ratio of 4.06 and a beta of 2.72. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $56.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a 50-day simple moving average of $42.02 and a 200-day simple moving average of $38.17.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 593,131 shares of company stock valued at $20,145,930. 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.