Wellington Management Group LLP Has $63.53 Million Holdings in Dutch Bros Inc. (NYSE:BROS)

Wellington Management Group LLP lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 135.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,983,368 shares of the company's stock after purchasing an additional 1,141,913 shares during the quarter. Wellington Management Group LLP owned about 1.29% of Dutch Bros worth $63,527,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BROS. GPS Wealth Strategies Group LLC grew its stake in shares of Dutch Bros by 33.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,330 shares of the company's stock worth $179,000 after purchasing an additional 1,080 shares during the last quarter. Raymond James & Associates lifted its position in shares of Dutch Bros by 14.6% during the 2nd quarter. Raymond James & Associates now owns 54,232 shares of the company's stock valued at $2,245,000 after acquiring an additional 6,894 shares during the last quarter. Legacy Capital Group California Inc. bought a new stake in shares of Dutch Bros during the 2nd quarter worth $996,000. Clear Creek Financial Management LLC acquired a new position in shares of Dutch Bros in the 2nd quarter worth $232,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Dutch Bros during the second quarter worth $837,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BROS shares. Barclays boosted their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Wedbush increased their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on 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 upped their target price on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Finally, UBS Group increased their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.40.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $0.92 during midday trading on Wednesday, hitting $52.90. 1,791,564 shares of the company were exchanged, compared to its average volume of 2,799,527. The firm has a 50 day simple moving average of $42.02 and a 200-day simple moving average of $38.17. 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 firm has a market cap of $8.16 billion, a P/E ratio of 179.34, a PEG ratio of 4.06 and a beta of 2.72. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Research analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares of the company's stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 125,671 shares of the company's stock, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 593,131 shares of company stock worth $20,145,930. Company insiders own 46.50% of the company's stock.

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.