Dutch Bros Inc. (NYSE:BROS) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 89.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,424 shares of the company's stock after selling 150,813 shares during the period. HighTower Advisors LLC's holdings in Dutch Bros were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of BROS. Baillie Gifford & Co. purchased a new position in Dutch Bros in the 3rd quarter worth about $224,461,000. Wasatch Advisors LP increased its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Dutch Bros during the second quarter valued at approximately $57,435,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company's stock valued at $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Dutch Bros by 8,247.3% in the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company's stock worth $44,766,000 after purchasing an additional 1,068,352 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Dutch Bros from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Piper Sandler upped their price objective 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. Barclays increased their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Wedbush boosted their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.27.

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Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now owns 125,671 shares of the company's stock, valued at $4,527,926.13. The trade was a 39.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Stock Up 3.3 %

Shares of Dutch Bros stock traded up $1.74 during trading on Friday, reaching $54.06. The company's stock had a trading volume of 2,924,941 shares, compared to its average volume of 2,786,769. The company has a 50-day simple moving average of $45.38 and a two-hundred day simple moving average of $39.13. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $56.10. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 186.42, a P/E/G ratio of 3.89 and a beta of 2.72. 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 (NYSE:BROS - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $338.20 million for 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 revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current 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.