Dutch Bros Inc. (NYSE:BROS) Holdings Decreased by Parallel Advisors LLC

Parallel Advisors LLC cut its position in shares of Dutch Bros Inc. (NYSE:BROSFree Report) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,414 shares of the company’s stock after selling 400 shares during the quarter. Parallel Advisors LLC’s holdings in Dutch Bros were worth $45,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Dutch Bros by 27.5% during the third quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company’s stock valued at $720,000 after purchasing an additional 6,681 shares during the last quarter. Victory Capital Management Inc. bought a new position in Dutch Bros during the 3rd quarter worth $204,000. Arizona State Retirement System increased its position in Dutch Bros by 14.0% in the third quarter. Arizona State Retirement System now owns 11,702 shares of the company’s stock worth $272,000 after buying an additional 1,441 shares during the period. Barclays PLC lifted its stake in Dutch Bros by 181.7% in the third quarter. Barclays PLC now owns 18,774 shares of the company’s stock valued at $437,000 after buying an additional 12,109 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Dutch Bros by 50.6% during the third quarter. Swiss National Bank now owns 119,900 shares of the company’s stock valued at $2,788,000 after acquiring an additional 40,300 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of analyst reports. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Barclays raised their target price on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $37.78.

Check Out Our Latest Analysis on BROS

Dutch Bros Stock Performance

NYSE:BROS opened at $37.97 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $32.83 and a 200-day moving average of $30.63. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $39.30. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 210.96, a price-to-earnings-growth ratio of 5.80 and a beta of 2.50.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $275.10 million for the quarter, compared to analyst estimates of $255.71 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. Analysts forecast that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $32.04, for a total transaction of $2,762,136.36. Following the sale, the insider now owns 1,510,879 shares in the company, valued at $48,408,563.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $32.04, for a total value of $2,762,136.36. Following the completion of the sale, the insider now directly owns 1,510,879 shares of the company’s stock, valued at approximately $48,408,563.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. Insiders have sold 9,897,907 shares of company stock worth $338,873,481 in the last three months. 46.50% of the stock is currently owned by insiders.

Dutch Bros Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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