Principal Financial Group Inc. Has $3.07 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Principal Financial Group Inc. reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 87.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,841 shares of the company's stock after selling 656,641 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of Dutch Bros worth $3,070,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the second quarter worth approximately $27,000. Quest Partners LLC grew its holdings in 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 buying an additional 764 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Dutch Bros during the 1st quarter worth $26,000. Jamison Private Wealth Management Inc. lifted its holdings 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 in the last quarter. Finally, Abound Wealth Management bought a new stake in shares of Dutch Bros in the second quarter valued at about $39,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now owns 712,819 shares of the company's stock, valued at approximately $22,810,208. This represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company's stock, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,177 shares of company stock worth $36,353,666 in the last ninety days. Company insiders own 46.50% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BROS. TD Cowen raised their price target 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. Piper Sandler lifted 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. JPMorgan Chase & Co. increased their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Barclays lifted their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Finally, UBS Group upped their target price on Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.30.

Dutch Bros Price Performance

Shares of NYSE:BROS traded down $0.87 during trading on Friday, hitting $51.20. 2,796,481 shares of the company were exchanged, compared to its average volume of 4,227,891. 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 Inc. has a 1-year low of $25.46 and a 1-year high of $52.98. The company has a market capitalization of $7.89 billion, a P/E ratio of 176.56, a price-to-earnings-growth ratio of 4.18 and a beta of 2.47. The business's 50 day moving average is $37.24 and its 200-day moving average is $36.58.

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

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.