Fenimore Asset Management Inc Trims Stock Position in Dutch Bros Inc. (NYSE:BROS)

Fenimore Asset Management Inc trimmed its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 404,386 shares of the company's stock after selling 32,592 shares during the period. Fenimore Asset Management Inc owned 0.26% of Dutch Bros worth $21,182,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management grew its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after buying an additional 314 shares in the last quarter. Creative Planning grew its position in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company's stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management increased its stake in Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. increased its stake in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC raised its position in Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company's stock valued at $224,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Shares of BROS stock traded down $0.78 on Friday, reaching $60.13. The company's stock had a trading volume of 1,531,773 shares, compared to its average volume of 2,052,785. The stock's fifty day simple moving average is $54.79 and its 200-day simple moving average is $42.04. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $61.33. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 207.34, a price-to-earnings-growth ratio of 3.34 and a beta of 2.71. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Dutch Bros's quarterly revenue was up 27.9% compared to the same quarter last year. Analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. 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 shares were 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 owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BROS shares. Stifel Nicolaus increased their price objective on Dutch Bros from $53.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group upped their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $58.00.

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.