5,315 Shares in Dutch Bros Inc. (NYSE:BROS) Purchased by Wedmont Private Capital

Wedmont Private Capital purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,315 shares of the company’s stock, valued at approximately $306,000.

Other large investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its position in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Dutch Bros in the 1st quarter worth approximately $31,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the 4th quarter worth approximately $43,000. Gould Capital LLC increased its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $53,000. Institutional investors own 85.54% of the company’s stock.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the sale, the insider now directly owns 2,373,933 shares of the company’s stock, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of Dutch Bros stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the sale, the chairman now directly owns 2,218,611 shares in the company, valued at $151,398,014.64. The trade was a 24.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Insiders own 42.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BROS. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. Barclays lifted their price target on Dutch Bros from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group reduced their price objective on Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Piper Sandler dropped their target price on Dutch Bros from $70.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $75.73.

Dutch Bros Stock Performance

Shares of BROS stock opened at $71.62 on Thursday. The company has a market capitalization of $11.78 billion, a P/E ratio of 210.64, a PEG ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock has a 50 day moving average price of $64.40 and a two-hundred day moving average price of $62.72.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm’s revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. Analysts expect that Dutch Bros Inc. will post 0.57 earnings per share 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.