HighTower Advisors LLC Has $557,000 Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

HighTower Advisors LLC cut its holdings in Dutch Bros Inc. (NYSE:BROS) by 89.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,424 shares of the company’s stock after selling 150,813 shares during the period. HighTower Advisors LLC’s holdings in Dutch Bros were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BROS. Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Creative Planning boosted its stake in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after acquiring an additional 405 shares during the period. Keudell Morrison Wealth Management boosted its position in Dutch Bros by 4.6% during the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC boosted its holdings in shares of Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after acquiring an additional 500 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 3.3 %

BROS opened at $54.06 on Friday. The company has a market cap of $8.34 billion, a P/E ratio of 186.42, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. The company has a fifty day moving average price of $45.38 and a two-hundred day moving average price of $39.10. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $56.10.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays raised their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th. UBS Group upped their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.27.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 285,462 shares of Dutch Bros stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56. Following the sale, the chairman now owns 9,817 shares in the company, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock valued at $19,040,697 over the last 90 days. Insiders own 46.50% of the company’s stock.

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.