Geneos Wealth Management Inc. Has $63,000 Stake in Dutch Bros Inc. (NYSE:BROS)

Geneos Wealth Management Inc. decreased its position in Dutch Bros Inc. (NYSE:BROS) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,975 shares of the company’s stock after selling 1,090 shares during the period. Geneos Wealth Management Inc.’s holdings in Dutch Bros were worth $63,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB acquired a new position in Dutch Bros in the fourth quarter valued at $3,852,000. Fenimore Asset Management Inc. acquired a new position in shares of Dutch Bros during the fourth quarter valued at about $13,610,000. Barclays PLC raised its holdings in shares of Dutch Bros by 181.7% during the third quarter. Barclays PLC now owns 18,774 shares of the company’s stock valued at $437,000 after purchasing an additional 12,109 shares during the period. Vanguard Group Inc. raised its holdings in shares of Dutch Bros by 32.1% during the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after purchasing an additional 1,120,908 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian Maxwell sold 1,474 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the transaction, the chief operating officer now directly owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of several research reports. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Wedbush reiterated an “outperform” rating and set a $37.00 price objective on shares of Dutch Bros in a report on Wednesday, April 10th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of Dutch Bros in a report on Wednesday, April 3rd. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, Barclays decreased 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $34.44.

Dutch Bros Trading Down 0.4 %

Shares of BROS stock opened at $31.72 on Wednesday. Dutch Bros Inc. has a 52-week low of $22.67 and a 52-week high of $36.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The company has a 50-day simple moving average of $30.89 and a two-hundred day simple moving average of $28.76. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 1,057.33 and a beta of 2.41.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $254.80 million. Research analysts anticipate that Dutch Bros Inc. will post 0.26 EPS 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.