UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 58,623 Shares of Dutch Bros Inc. (NYSE:BROS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 38.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,834 shares of the company's stock after purchasing an additional 58,623 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Dutch Bros worth $6,817,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. raised its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Quest Partners LLC increased its stake in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company's stock valued at $33,000 after purchasing an additional 764 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth $38,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of BROS stock traded up $0.92 during trading hours on Wednesday, reaching $52.90. The stock had a trading volume of 1,791,564 shares, compared to its average volume of 2,799,527. The stock's fifty day simple moving average is $42.43 and its 200 day simple moving average is $38.28. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $8.16 billion, a PE ratio of 182.41, a PEG ratio of 4.06 and a beta of 2.72. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $56.10.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. On average, equities research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 9,610 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $34.01, for a total transaction of $326,836.10. Following the sale, the chairman now directly owns 317,167 shares of the company's stock, valued at $10,786,849.67. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 593,131 shares of company stock worth $20,145,930 over the last ninety days. Insiders own 46.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BROS. TD Cowen increased their target price 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. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Piper Sandler boosted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Barclays increased their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, Wedbush boosted their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.40.

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.