Algert Global LLC Grows Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Algert Global LLC raised its stake in Dutch Bros Inc. (NYSE:BROS) by 21.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,602 shares of the company’s stock after buying an additional 5,520 shares during the period. Algert Global LLC’s holdings in Dutch Bros were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Creative Planning raised its holdings in shares of Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after purchasing an additional 405 shares in the last quarter. Keudell Morrison Wealth Management raised its holdings in shares of Dutch Bros by 4.6% in the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after purchasing an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. raised its holdings 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 in the last quarter. Finally, Cannon Global Investment Management LLC raised its holdings in shares of Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 0.3 %

NYSE:BROS opened at $53.15 on Friday. The company has a market cap of $8.20 billion, a PE ratio of 183.28, a P/E/G ratio of 4.16 and a beta of 2.47. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $53.29. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $38.33 and its two-hundred day moving average is $37.04.

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. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. Analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $47.30.

Insider Activity

In other news, Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 96.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction 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 directly owns 712,819 shares in the company, valued at $22,810,208. This trade represents a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,065,467 shares of company stock valued at $35,434,372 in the last ninety days. Insiders own 46.50% of the company’s stock.

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.