Dutch Bros Inc. (NYSE:BROS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,750,468 shares of the company’s stock after purchasing an additional 135,918 shares during the quarter. Vanguard Group Inc. owned 2.68% of Dutch Bros worth $150,447,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BROS. Bullseye Asset Management LLC acquired a new position in shares of Dutch Bros during the third quarter valued at approximately $116,000. American Century Companies Inc. raised its stake in shares of Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after buying an additional 773,616 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Dutch Bros by 42.6% in the third quarter. Wesbanco Bank Inc. now owns 32,785 shares of the company’s stock valued at $762,000 after buying an additional 9,800 shares during the period. Renaissance Capital LLC boosted its stake in Dutch Bros by 26.8% during the fourth quarter. Renaissance Capital LLC now owns 21,770 shares of the company’s stock valued at $689,000 after buying an additional 4,605 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in Dutch Bros during the fourth quarter worth about $3,852,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

NYSE BROS opened at $41.52 on Friday. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $42.87. The stock’s 50-day moving average is $36.20 and its two-hundred day moving average is $32.16. The firm has a market cap of $7.36 billion, a P/E ratio of 230.68, a price-to-earnings-growth ratio of 6.31 and a beta of 2.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. On average, analysts anticipate that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $36.02, for a total transaction of $592,601.04. Following the transaction, the insider now owns 634,543 shares in the company, valued at approximately $22,856,238.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of Dutch Bros stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $977,402.70. Following the sale, the insider now directly owns 2,116,783 shares of the company’s stock, valued at $76,246,523.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the transaction, the insider now directly owns 634,543 shares of the company’s stock, valued at $22,856,238.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,228,068 shares of company stock worth $44,765,154. Insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent research reports. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a research note on Friday, April 5th. TD Cowen increased their price objective on Dutch Bros from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Bank of America raised their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Robert W. Baird boosted their target price on shares of Dutch Bros from $33.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.55.

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.