Stratos Wealth Partners LTD. Reduces Holdings in Dutch Bros Inc. (NYSE:BROS)

Stratos Wealth Partners LTD. trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,948 shares of the company’s stock after selling 271 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Dutch Bros were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Gould Capital LLC increased its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares during the period. Copia Wealth Management increased its position in shares of Dutch Bros by 14.7% in the first quarter. Copia Wealth Management now owns 1,595 shares of the company’s stock valued at $98,000 after acquiring an additional 205 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of 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 valued at $2,517,000 after acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after purchasing an additional 378 shares during the period. Finally, Level Four Advisory Services LLC grew its stake 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 purchasing an additional 392 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BROS. Barclays upped their price target on Dutch Bros from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Morgan Stanley set a $80.00 price target on Dutch Bros and gave the stock an “overweight” rating in a research note on Monday, April 14th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research report on Thursday, June 26th. They set a “neutral” rating and a $75.00 price objective on the stock. CICC Research started coverage on shares of Dutch Bros in a research report on Monday, June 30th. They issued an “outperform” rating and a $80.00 target price for the company. Finally, Robert W. Baird boosted their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.94.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman directly owned 1,940,245 shares of the company’s stock, valued at $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 7.59% 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 ninety days. 42.40% of the stock is currently owned by insiders.

Dutch Bros Stock Performance

Shares of BROS stock opened at $63.42 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 162.61, a price-to-earnings-growth ratio of 3.79 and a beta of 2.65. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company’s 50-day moving average is $68.49 and its 200 day moving average is $65.06.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm’s quarterly revenue 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. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

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.