24,164 Shares in Dutch Bros Inc. (NYSE:BROS) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 24,164 shares of the company’s stock, valued at approximately $763,000.

Several other large investors also recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of Dutch Bros by 33.8% in the 4th quarter. Arizona State Retirement System now owns 15,654 shares of the company’s stock valued at $496,000 after purchasing an additional 3,952 shares during the last quarter. WoodTrust Financial Corp purchased a new position in shares of Dutch Bros during the fourth quarter worth approximately $271,000. Fenimore Asset Management Inc. acquired a new position in shares of Dutch Bros in the 4th quarter valued at $13,610,000. Raymond James Financial Services Advisors Inc. raised its position in Dutch Bros by 50.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 70,422 shares of the company’s stock valued at $2,230,000 after purchasing an additional 23,712 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Finally, Guggenheim restated a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares in the company, valued at approximately $36,387,610. The sale was disclosed in a legal filing with the SEC, 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 that occurred 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 transaction, the insider now owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares in the company, valued at approximately $36,387,610. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock valued at $561,438,392 over the last quarter. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $28.80 on Wednesday. The stock has a market cap of $5.10 billion, a PE ratio of 960.00 and a beta of 2.41. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $31.14 and a two-hundred day moving average of $28.94. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $36.17.

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

About Dutch Bros

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.