Fortitude Family Office LLC Takes $41,000 Position in Dutch Bros Inc. (NYSE:BROS)

Fortitude Family Office LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 775 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros in the third quarter worth about $224,461,000. Wasatch Advisors LP lifted its position in shares of Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after buying an additional 2,885,306 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.4% in the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after buying an additional 222,650 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after buying an additional 741,771 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Trading Up 2.2 %

BROS opened at $57.42 on Friday. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 198.01, a P/E/G ratio of 3.89 and a beta of 2.71. The stock’s 50 day moving average price is $51.04 and its 200-day moving average price is $40.67. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $59.18. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts forecast that Dutch Bros Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BROS shares. Jefferies Financial Group boosted their target price on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush boosted their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $57.18.

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.