5,102 Shares in Dutch Bros Inc. (NYSE:BROS) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,102 shares of the company’s stock, valued at approximately $267,000.

A number of other hedge funds have also recently bought and sold shares of the company. Gould Capital LLC boosted its stake in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares during the period. Arizona State Retirement System grew its stake in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after buying an additional 260 shares during the period. Treasurer of the State of North Carolina grew its stake in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after buying an additional 310 shares during the period. Finally, Level Four Advisory Services LLC increased its position in shares of Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Barclays lifted their price target on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company started coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price for the company. Finally, UBS Group dropped their target price on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $75.73.

Dutch Bros Trading Down 4.7%

Shares of NYSE:BROS opened at $68.01 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $65.08 and its 200 day moving average price is $63.09. The company has a market cap of $11.19 billion, a PE ratio of 200.05, a P/E/G ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the transaction, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman now owns 1,940,245 shares of the company’s stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 over the last quarter. 42.40% of the stock is currently owned by company insiders.

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.