Dutch Bros Inc. (NYSE:BROS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 87.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Dutch Bros during the 1st quarter worth $26,000. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros during the second quarter worth about $27,000. Jamison Private Wealth Management Inc. grew its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the period. Finally, nVerses Capital LLC bought a new stake in Dutch Bros in the 3rd quarter valued at about $38,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

BROS opened at $51.20 on Friday. 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 firm has a market cap of $7.89 billion, a PE ratio of 177.04, a P/E/G ratio of 4.00 and a beta of 2.47. The business has a fifty day simple moving average of $36.89 and a 200-day simple moving average of $36.42. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $52.98.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter last year, the company posted $0.08 EPS. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the sale, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. This trade represents a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now owns 432,518 shares in the company, valued at approximately $13,849,226.36. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,094,177 shares of company stock worth $36,353,666. 46.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BROS has been the topic of several analyst reports. TD Cowen raised their price target 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 boosted their price target on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $47.30.

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.