Farther Finance Advisors LLC Buys 558 Shares of Dutch Bros Inc. (NYSE:BROS)

Farther Finance Advisors LLC grew its stake in Dutch Bros Inc. (NYSE:BROS) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,858 shares of the company’s stock after acquiring an additional 558 shares during the period. Farther Finance Advisors LLC’s holdings in Dutch Bros were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wedmont Private Capital bought a new position in shares of Dutch Bros during the 1st quarter valued at about $306,000. Radnor Capital Management LLC lifted its stake in Dutch Bros by 14.4% in the first quarter. Radnor Capital Management LLC now owns 5,310 shares of the company’s stock valued at $328,000 after buying an additional 670 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $359,000. NBC Securities Inc. boosted its holdings in shares of Dutch Bros by 49,758.3% in the first quarter. NBC Securities Inc. now owns 5,983 shares of the company’s stock valued at $369,000 after buying an additional 5,971 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Dutch Bros by 11,342.2% during the first quarter. GAMMA Investing LLC now owns 50,689 shares of the company’s stock worth $3,130,000 after acquiring an additional 50,246 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 704,995 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the sale, the chairman now directly owns 2,218,611 shares of the company’s stock, valued at $151,398,014.64. This represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider now directly owns 2,373,933 shares in the company, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by company insiders.

Dutch Bros Trading Up 3.5%

NYSE:BROS opened at $70.55 on Tuesday. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. 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 stock has a fifty day simple moving average of $65.44 and a 200-day simple moving average of $63.21. The company has a market capitalization of $11.60 billion, a PE ratio of 207.52, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

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

Analyst Ratings Changes

Several research analysts have weighed in on BROS shares. Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Royal Bank of Canada began coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They set an “outperform” rating and a $83.00 target price on the stock. Robert W. Baird increased their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. TD Securities reissued a “buy” rating and issued a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, Piper Sandler dropped their target price on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $75.73.

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.