Merit Financial Group LLC Purchases New Stake in Dutch Bros Inc. (NYSE:BROS)

Merit Financial Group LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,818 shares of the company’s stock, valued at approximately $359,000.

Several other large investors have also recently added to or reduced their stakes in the company. Gould Capital LLC increased its position in Dutch Bros by 20.4% during 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 period. Amalgamated Bank boosted its stake in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after purchasing an additional 310 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 540,638 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total transaction of $35,655,076.10. Following the completion of the sale, the chairman now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was 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 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Performance

NYSE:BROS opened at $71.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 210.64, a PEG ratio of 4.23 and a beta of 2.73. The business’s fifty day moving average is $64.40 and its 200 day moving average is $62.72.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BROS shares. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. TD Securities restated a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Stifel Nicolaus cut their target price on Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company initiated coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $75.73.

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.