1,175 Shares in Dutch Bros Inc. $BROS Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,175 shares of the company’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also bought and sold shares of BROS. Cullen Frost Bankers Inc. purchased a new stake in Dutch Bros in the 1st quarter worth approximately $31,000. Banque Transatlantique SA bought a new stake in shares of Dutch Bros in the 1st quarter worth $38,000. GAMMA Investing LLC increased its holdings in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after purchasing an additional 378 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of Dutch Bros in the first quarter worth $54,000. Finally, Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 21.2% in the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after acquiring an additional 192 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BROS. Barclays lifted their target price on Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Melius Research raised Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th. Bank of America boosted their price objective on Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 target price on shares of Dutch Bros in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.88.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the transaction, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Insiders own 42.40% of the company’s stock.

Dutch Bros Stock Performance

NYSE BROS opened at $48.94 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The firm has a market capitalization of $8.05 billion, a P/E ratio of 104.13, a price-to-earnings-growth ratio of 2.74 and a beta of 2.55. The stock’s fifty day moving average is $61.45 and its two-hundred day moving average is $63.41. Dutch Bros Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 EPS 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 net margin of 3.94% and a return on equity of 8.86%. Dutch Bros’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Dutch Bros Company 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.