Principal Financial Group Inc. Has $3.07 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Principal Financial Group Inc. decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 87.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,841 shares of the company’s stock after selling 656,641 shares during the period. Principal Financial Group Inc. owned 0.06% of Dutch Bros worth $3,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BROS. Hollencrest Capital Management lifted its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Creative Planning raised its position in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the last quarter. Keudell Morrison Wealth Management lifted its holdings in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after buying an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. boosted its position in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC increased its stake in shares of Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the sale, the chairman now owns 9,817 shares in the company, valued at $327,691.46. The trade was a 96.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,698 shares of company stock worth $19,040,697. Company insiders own 46.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BROS shares. UBS Group raised their price target on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen raised their target price 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. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Wedbush lifted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.27.

Dutch Bros Price Performance

BROS opened at $56.35 on Friday. The company has a fifty day simple moving average of $49.24 and a 200 day simple moving average of $40.19. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.69 billion, a P/E ratio of 194.32, a P/E/G ratio of 3.89 and a beta of 2.72. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $58.10.

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