Dutch Bros Inc. (NYSE:BROS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Dutch Bros Inc. (NYSE:BROS) by 35.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,527 shares of the company’s stock after acquiring an additional 181,636 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.45% of Dutch Bros worth $22,021,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Dutch Bros by 34.7% in the first quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock valued at $2,217,000 after purchasing an additional 17,290 shares during the last quarter. Cetera Investment Advisers raised its position in Dutch Bros by 537.1% during the first quarter. Cetera Investment Advisers now owns 89,619 shares of the company’s stock worth $2,957,000 after acquiring an additional 75,553 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Dutch Bros by 19.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 11,100 shares of the company’s stock valued at $460,000 after purchasing an additional 1,800 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Dutch Bros by 2,316.4% in the second quarter. SG Americas Securities LLC now owns 146,434 shares of the company’s stock valued at $6,062,000 after purchasing an additional 140,374 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Dutch Bros by 33.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,330 shares of the company’s stock worth $179,000 after purchasing an additional 1,080 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BROS has been the subject of several recent research reports. TD Cowen raised their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped 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. UBS Group raised their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird raised their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.30.

Dutch Bros Price Performance

BROS stock opened at $53.96 on Friday. The stock has a 50-day moving average price of $40.74 and a two-hundred day moving average price of $37.76. The company has a market cap of $8.32 billion, a PE ratio of 186.07, a price-to-earnings-growth ratio of 4.00 and a beta of 2.72. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $55.79.

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

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 280,518 shares of Dutch Bros stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the sale, the chairman now owns 322,177 shares in the company, valued at $10,425,647.72. This represents a 46.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,060,067 shares of company stock valued at $35,261,572. Company 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.