Nisa Investment Advisors LLC Takes $417,000 Position in Dutch Bros Inc. (NYSE:BROS)

Nisa Investment Advisors LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,748 shares of the company’s stock, valued at approximately $417,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Dutch Bros by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 24,586 shares of the company’s stock valued at $1,288,000 after buying an additional 1,063 shares during the last quarter. Swiss National Bank raised its position in shares of Dutch Bros by 0.7% in the fourth quarter. Swiss National Bank now owns 223,800 shares of the company’s stock valued at $11,723,000 after buying an additional 1,500 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Dutch Bros by 0.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 161,711 shares of the company’s stock valued at $8,470,000 after buying an additional 679 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $300,000. Finally, William Blair Investment Management LLC raised its position in shares of Dutch Bros by 15.9% in the fourth quarter. William Blair Investment Management LLC now owns 392,513 shares of the company’s stock valued at $20,560,000 after buying an additional 53,838 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.6%

Dutch Bros stock opened at $62.85 on Thursday. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a market cap of $10.34 billion, a PE ratio of 161.15, a P/E/G ratio of 3.83 and a beta of 2.65. The stock’s fifty day moving average is $68.71 and its two-hundred day moving average is $65.11.

Dutch Bros (NYSE:BROS) last posted its quarterly 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. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company had revenue of $355.15 million for the quarter, compared to analysts’ expectations of $343.30 million. During the same period last year, the firm earned $0.09 earnings per share. Dutch Bros’s quarterly revenue was up 28.7% on a year-over-year basis. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the company’s 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 completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the transaction, the insider owned 1,940,245 shares of the company’s stock, valued at $129,647,170.90. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. TD Securities reissued a “buy” rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. CICC Research initiated coverage on shares of Dutch Bros in a research report on Monday, June 30th. They set an “outperform” rating and a $80.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $75.94.

About Dutch Bros

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.