Stephens Inc. AR Buys New Position in Dutch Bros Inc. (NYSE:BROS)

Stephens Inc. AR bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,528 shares of the company’s stock, valued at approximately $209,000.

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Dutch Bros during the first quarter valued at about $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 500 shares during the period. Quest Partners LLC boosted its position 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 valued at $33,000 after purchasing an additional 764 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $38,000. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays increased their price target on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Robert W. Baird increased their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.30.

Dutch Bros Stock Up 5.4 %

BROS opened at $47.18 on Friday. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The business has a 50-day moving average of $33.85 and a 200-day moving average of $35.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The company has a market capitalization of $7.27 billion, a PE ratio of 188.72, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the business earned $0.08 EPS. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Equities research analysts forecast that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now directly owns 512,300 shares in the company, valued at $16,593,397. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,689,583 shares of company stock valued at $55,164,707 in the last three months. Corporate insiders own 46.50% of the company’s stock.

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.