Mirae Asset Global Investments Co. Ltd. Buys 3,637 Shares of Dutch Bros Inc. (NYSE:BROS)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,433 shares of the company’s stock after buying an additional 3,637 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dutch Bros were worth $805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cedar Mountain Advisors LLC raised its holdings 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 buying an additional 415 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Dutch Bros in the fourth quarter worth approximately $40,000. Allworth Financial LP increased its holdings in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after purchasing an additional 471 shares during the period. GPS Wealth Strategies Group LLC increased its holdings 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. Finally, Newbridge Financial Services Group Inc. increased its holdings in Dutch Bros by 135.0% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 4,700 shares of the company’s stock worth $109,000 after purchasing an additional 2,700 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Down 0.9 %

Shares of NYSE:BROS opened at $28.54 on Thursday. 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 market capitalization of $5.06 billion, a PE ratio of 951.33 and a beta of 2.41. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $36.17. The business’s fifty day simple moving average is $31.18 and its 200-day simple moving average is $28.97.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the transaction, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Insiders sold 17,907,188 shares of company stock valued at $561,438,392 in the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on BROS shares. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Guggenheim restated a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Barclays cut their price target on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

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.