Geneos Wealth Management Inc. Grows Position in Dutch Bros Inc. $BROS

Geneos Wealth Management Inc. boosted its stake in Dutch Bros Inc. (NYSE:BROS) by 1,614.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,572 shares of the company’s stock after buying an additional 2,422 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dutch Bros were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BROS. AdvisorNet Financial Inc bought a new position in Dutch Bros in the 1st quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros in the 1st quarter valued at $31,000. Banque Transatlantique SA bought a new position in Dutch Bros in the 1st quarter valued at $38,000. Gould Capital LLC grew its stake in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after purchasing an additional 140 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in Dutch Bros in the 4th quarter valued at $43,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $59.34 on Wednesday. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 126.26, a P/E/G ratio of 3.43 and a beta of 2.64. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a 1-year low of $30.49 and a 1-year high of $86.88. The stock’s 50-day moving average is $64.71 and its 200 day moving average is $64.99.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 1,250,371 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BROS has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Dutch Bros in a research note on Thursday, June 26th. They issued a “neutral” rating and a $75.00 price objective for the company. UBS Group increased their price target on Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Bank of America increased their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. CICC Research assumed coverage on Dutch Bros in a research note on Monday, June 30th. They set an “outperform” rating and a $80.00 price target for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $80.06.

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.