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

Cedar Mountain Advisors LLC lowered its stake in Dutch Bros Inc. (NYSE:BROS) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 741 shares of the company’s stock after selling 350 shares during the period. Cedar Mountain Advisors LLC’s holdings in Dutch Bros were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Dutch Bros by 109.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 106,562 shares of the company’s stock worth $4,412,000 after purchasing an additional 55,590 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dutch Bros by 257.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,598 shares of the company’s stock worth $6,401,000 after acquiring an additional 111,398 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Dutch Bros during the 2nd quarter worth about $227,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Dutch Bros in the 2nd quarter valued at about $147,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Dutch Bros during the 2nd quarter worth about $618,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.3 %

BROS opened at $60.13 on Friday. The business has a 50 day moving average price of $54.79 and a two-hundred day moving average price of $42.04. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $61.33. The company has a market cap of $9.27 billion, a PE ratio of 207.34, a P/E/G ratio of 3.34 and a beta of 2.71. 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) 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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares in the company, 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. In the last quarter, insiders sold 560,698 shares of company stock worth $19,040,697. Company insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BROS shares. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. Piper Sandler upped their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and a consensus target price of $58.00.

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.