Dutch Bros Inc. (NYSE:BROS) Stock Holdings Lessened by Hedges Asset Management LLC

Hedges Asset Management LLC lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,100 shares of the company’s stock after selling 300 shares during the period. Hedges Asset Management LLC’s holdings in Dutch Bros were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in Dutch Bros by 68.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company’s stock valued at $1,922,000 after acquiring an additional 14,970 shares during the period. SG Americas Securities LLC acquired a new position in Dutch Bros during the 4th quarter valued at approximately $2,681,000. Harbor Investment Advisory LLC bought a new position in Dutch Bros during the 4th quarter worth $60,000. My Legacy Advisors LLC acquired a new stake in Dutch Bros in the fourth quarter worth $233,000. Finally, Radnor Capital Management LLC bought a new stake in Dutch Bros in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were 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 $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 38,339 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by insiders.

Dutch Bros Trading Up 1.1 %

Shares of Dutch Bros stock opened at $60.90 on Friday. The business has a fifty day simple moving average of $54.24 and a 200-day simple moving average of $41.78. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $61.33. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 210.00, a price-to-earnings-growth ratio of 3.33 and a beta of 2.71. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. TD Cowen upped their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $58.00.

About Dutch Bros

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.