Harbor Capital Advisors Inc. Boosts Stake in Dutch Bros Inc. (NYSE:BROS)

Harbor Capital Advisors Inc. increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,637 shares of the company’s stock after buying an additional 1,661 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Dutch Bros were worth $1,500,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BROS. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Quest Partners LLC lifted its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the sale, the chairman now owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 over the last ninety days. 46.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BROS shares. TD Cowen lifted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Stifel Nicolaus lifted their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $57.18.

Dutch Bros Stock Up 2.2 %

BROS opened at $57.42 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 198.01, a PEG ratio of 3.89 and a beta of 2.71. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $59.18. The business’s fifty day moving average is $51.52 and its two-hundred day moving average is $40.80.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

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.