Principal Financial Group Inc. Has $3.07 Million Holdings in Dutch Bros Inc. (NYSE:BROS)

Principal Financial Group Inc. cut its position in shares of Dutch Bros Inc. (NYSE:BROS) by 87.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,841 shares of the company’s stock after selling 656,641 shares during the period. Principal Financial Group Inc.’s holdings in Dutch Bros were worth $3,070,000 as of its most recent SEC filing.

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

Dutch Bros Trading Down 1.7 %

Shares of BROS opened at $51.20 on Friday. The stock’s 50-day moving average price is $36.89 and its 200 day moving average price is $36.42. 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 capitalization of $7.89 billion, a price-to-earnings ratio of 177.04, a P/E/G ratio of 4.00 and a beta of 2.47. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $52.98.

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

Insider Activity

In other 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 owns 712,819 shares of the company’s stock, 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 filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 285,462 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the transaction, the chairman now owns 9,817 shares of the company’s stock, valued at $327,691.46. This trade represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,094,177 shares of company stock worth $36,353,666. Company insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BROS. Stifel Nicolaus upped their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group upped their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.