Private Advisor Group LLC Grows Position in Dutch Bros Inc. (NYSE:BROS)

Private Advisor Group LLC raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 269.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 24,924 shares of the company’s stock after purchasing an additional 18,171 shares during the quarter. Private Advisor Group LLC’s holdings in Dutch Bros were worth $798,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dutch Bros during the first quarter worth $4,430,000. Janney Montgomery Scott LLC boosted its position in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after acquiring an additional 13,395 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $200,000. 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros during the 2nd quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $2,072,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BROS shares. Robert W. Baird lowered their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research report on Monday, October 14th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $36.00 in a research report on Monday, August 19th. TD Cowen reissued a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Barclays lowered their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.20.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’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 sale, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,249,928 shares of company stock valued at $40,485,189. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Up 0.8 %

Shares of BROS opened at $33.40 on Friday. The stock has a market capitalization of $5.15 billion, a PE ratio of 133.60, a P/E/G ratio of 3.64 and a beta of 2.49. Dutch Bros Inc. has a 1 year low of $24.34 and a 1 year high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The company’s 50-day simple moving average is $33.10 and its 200-day simple moving average is $34.82.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Analysts forecast that Dutch Bros Inc. will post 0.33 earnings per share for the current fiscal year.

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.