Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in Dutch Bros Inc. (NYSE:BROSGet Rating) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,887 shares of the company’s stock after acquiring an additional 840 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dutch Bros were worth $325,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northern Trust Corp acquired a new position in Dutch Bros during the 4th quarter valued at about $2,136,000. Bank of America Corp DE increased its stake in Dutch Bros by 1,087.6% during the 4th quarter. Bank of America Corp DE now owns 107,607 shares of the company’s stock valued at $5,479,000 after buying an additional 98,546 shares during the period. HighTower Advisors LLC acquired a new position in Dutch Bros during the 4th quarter valued at about $419,000. TD Asset Management Inc. increased its stake in Dutch Bros by 118.6% during the 4th quarter. TD Asset Management Inc. now owns 32,164 shares of the company’s stock valued at $1,637,000 after buying an additional 17,452 shares during the period. Finally, Level Four Advisory Services LLC acquired a new position in Dutch Bros during the 4th quarter valued at about $223,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BROS shares. Piper Sandler raised their target price on shares of Dutch Bros from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Dutch Bros from $30.00 to $45.00 in a research note on Thursday, August 11th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $30.00 to $46.00 in a research note on Thursday, August 11th. Finally, Barclays lifted their price objective on shares of Dutch Bros from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.40.

Dutch Bros Stock Performance

Shares of BROS opened at $35.51 on Wednesday. Dutch Bros Inc. has a one year low of $20.05 and a one year high of $81.40. The company has a 50-day moving average of $38.75 and a two-hundred day moving average of $41.76. The stock has a market cap of $1.40 billion and a price-to-earnings ratio of -107.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.54 and a quick ratio of 0.30.

Dutch Bros (NYSE:BROSGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $186.38 million for the quarter, compared to analyst estimates of $182.56 million. Dutch Bros had a positive return on equity of 0.55% and a negative net margin of 2.54%. The business’s quarterly revenue was up 44.2% compared to the same quarter last year. On average, equities research analysts expect that Dutch Bros Inc. will post -0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Joth Ricci sold 71,125 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $46.30, for a total transaction of $3,293,087.50. Following the transaction, the chief executive officer now owns 2,453,865 shares of the company’s stock, valued at $113,613,949.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Brian Maxwell sold 48,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $40.12, for a total transaction of $1,925,760.00. Following the transaction, the chief operating officer now owns 1,171,620 shares of the company’s stock, valued at $47,005,394.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joth Ricci sold 71,125 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $46.30, for a total transaction of $3,293,087.50. Following the transaction, the chief executive officer now directly owns 2,453,865 shares in the company, valued at approximately $113,613,949.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 210,125 shares of company stock worth $9,392,648. 49.30% of the stock is owned by company insiders.

Dutch Bros Profile

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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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