Watts Gwilliam & Co. LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

Watts Gwilliam & Co. LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,281 shares of the company’s stock, valued at approximately $304,000.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in Dutch Bros in the third quarter valued at approximately $224,461,000. Wasatch Advisors LP raised its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares during the period. Marshall Wace LLP raised its stake in Dutch Bros by 15.4% in the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after buying an additional 527,716 shares during the period. Driehaus Capital Management LLC raised its stake in Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after buying an additional 222,650 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Up 2.2 %

Shares of NYSE:BROS opened at $57.42 on Friday. The company has a market capitalization of $8.85 billion, a P/E ratio of 198.01, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $59.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The business’s 50 day simple moving average is $51.04 and its 200 day simple moving average is $40.67.

Dutch Bros (NYSE:BROS) last released its earnings results 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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, research analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This represents a 71.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction on Friday, November 1st. The shares were 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 of the company’s stock, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 over the last three months. Insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BROS. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Wedbush upped their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday. UBS Group upped their target price on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and upped their target price for the company from $60.00 to $70.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $57.18.

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.