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

Principal Financial Group Inc. lessened its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 87.3% during the 3rd quarter, HoldingsChannel.com reports. The fund 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 large investors have also recently bought and sold shares of BROS. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. lifted its stake in 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 last quarter. Hollencrest Capital Management grew its holdings in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Quest Partners LLC increased its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Dutch Bros during the third quarter worth approximately $36,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BROS has been the subject of several research analyst reports. UBS Group lifted their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Piper Sandler lifted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush increased their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.27.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $56.35 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $58.10. The company’s 50 day moving average price is $49.24 and its two-hundred day moving average price is $40.19. The firm has a market cap of $8.69 billion, a PE ratio of 194.32, a PEG ratio of 3.89 and a beta of 2.72.

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

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is owned by corporate insiders.

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.