Allworth Financial LP Buys 471 Shares of Dutch Bros Inc. (NYSE:BROS)

Allworth Financial LP lifted its stake in Dutch Bros Inc. (NYSE:BROS) by 41.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,598 shares of the company’s stock after acquiring an additional 471 shares during the quarter. Allworth Financial LP’s holdings in Dutch Bros were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BROS. Cedar Mountain Advisors LLC grew its stake in shares of Dutch Bros by 61.4% in the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after acquiring an additional 415 shares during the period. Captrust Financial Advisors grew its stake in shares of Dutch Bros by 87.9% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $35,000 after acquiring an additional 521 shares during the period. Deutsche Bank AG bought a new stake in shares of Dutch Bros in the fourth quarter worth approximately $36,000. Clear Street Markets LLC bought a new stake in shares of Dutch Bros in the fourth quarter worth approximately $41,000. Finally, Rockefeller Capital Management L.P. grew its position in Dutch Bros by 28.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after buying an additional 350 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $37.00 target price on shares of Dutch Bros in a research report on Wednesday. Barclays cut their target price on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Guggenheim restated a “neutral” rating and set a $30.00 target price on shares of Dutch Bros in a research report on Friday, April 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.44.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $31.95 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $36.17. The company has a market capitalization of $5.66 billion, a P/E ratio of 1,065.00 and a beta of 2.41. The firm’s 50 day simple moving average is $30.65 and its two-hundred day simple moving average is $28.60.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The business had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. Research analysts expect that Dutch Bros Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 98,017 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $3,532,532.68. Following the transaction, the chairman now owns 672,439 shares of the company’s stock, valued at $24,234,701.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the sale, the insider now owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 98,017 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the sale, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. 49.70% of the stock is currently owned by corporate insiders.

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.