Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dutch Bros Inc. (NYSE:BROS) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,481 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dutch Bros were worth $364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in Dutch Bros by 13.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,710 shares of the company’s stock worth $1,086,000 after buying an additional 5,406 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Dutch Bros by 27.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company’s stock valued at $720,000 after acquiring an additional 6,681 shares during the period. Inspire Advisors LLC raised its position in Dutch Bros by 31.5% in the 3rd quarter. Inspire Advisors LLC now owns 14,635 shares of the company’s stock valued at $340,000 after purchasing an additional 3,507 shares during the last quarter. TD Asset Management Inc boosted its stake in Dutch Bros by 59.7% during the 3rd quarter. TD Asset Management Inc now owns 23,778 shares of the company’s stock worth $553,000 after purchasing an additional 8,890 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Dutch Bros during the 3rd quarter worth $5,275,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BROS. 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. TD Cowen reiterated a “hold” rating and issued a $33.00 target price on shares of Dutch Bros in a research note on Friday, April 26th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Finally, Barclays lowered 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from 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 news, Chairman Travis Boersma sold 98,017 shares of Dutch Bros stock in a transaction dated 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 completion of the sale, the chairman now directly owns 672,439 shares in the company, valued at $24,234,701.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 98,017 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total value of $3,532,532.68. Following the completion of the sale, the chairman now directly owns 672,439 shares in the company, valued at $24,234,701.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 1.3 %

Shares of Dutch Bros stock opened at $27.29 on Friday. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $36.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The business has a 50 day moving average price of $31.25 and a 200 day moving average price of $29.10. The company has a market capitalization of $4.83 billion, a P/E ratio of 909.67, a P/E/G ratio of 4.25 and a beta of 2.43.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results 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 company 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%. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.25 EPS for the current fiscal year.

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.