Pier Capital LLC Increases Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Pier Capital LLC grew its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,698 shares of the company's stock after purchasing an additional 40,171 shares during the quarter. Pier Capital LLC owned approximately 0.11% of Dutch Bros worth $5,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management lifted its holdings in 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. Creative Planning raised its position in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company's stock valued at $318,000 after buying an additional 405 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock worth $353,000 after buying an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. boosted 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 worth $27,000 after acquiring an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC grew its stake in Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company's stock valued at $224,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BROS. Stifel Nicolaus raised their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Wedbush lifted their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. UBS Group lifted their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a report on Friday. Finally, Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.40.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 280,518 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.36, for a total value of $9,077,562.48. Following the completion of the transaction, the chairman now directly owns 322,177 shares of the company's stock, valued at $10,425,647.72. This represents a 46.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,060,067 shares of company stock worth $35,261,572 in the last quarter. 46.50% of the stock is owned by company insiders.

Dutch Bros Trading Up 2.1 %

Shares of BROS stock traded up $1.16 during trading hours on Friday, hitting $55.14. The company had a trading volume of 2,402,904 shares, compared to its average volume of 3,820,243. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company's fifty day moving average is $41.19 and its 200 day moving average is $37.91. The stock has a market capitalization of $8.50 billion, a PE ratio of 190.14, a price-to-earnings-growth ratio of 3.99 and a beta of 2.72.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.08 earnings per share. Research analysts expect that Dutch Bros Inc. will post 0.39 earnings per share 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.