Radnor Capital Management LLC Acquires Shares of 4,640 Dutch Bros Inc. (NYSE:BROS)

Radnor Capital Management LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,640 shares of the company's stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BROS. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after purchasing an additional 314 shares during the period. Quest Partners LLC increased its stake in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company's stock worth $33,000 after purchasing an additional 764 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the third quarter worth about $36,000. Finally, nVerses Capital LLC purchased a new position in shares of Dutch Bros in the third quarter valued at approximately $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BROS shares. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $58.00.

Dutch Bros Stock Down 1.1 %

Shares of NYSE BROS traded down $0.65 during midday trading on Friday, hitting $59.82. 2,196,408 shares of the company's stock were exchanged, compared to its average volume of 2,868,599. The firm's fifty day simple moving average is $53.53 and its 200-day simple moving average is $41.40. The company has a market cap of $9.22 billion, a PE ratio of 206.28, a P/E/G ratio of 3.16 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $61.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $324.97 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. Research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 285,462 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56. Following the transaction, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock worth $19,040,697 in the last ninety days. 46.50% of the stock is owned by corporate insiders.

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.