Fenimore Asset Management Inc Has $21.18 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Fenimore Asset Management Inc trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 7.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 404,386 shares of the company’s stock after selling 32,592 shares during the quarter. Fenimore Asset Management Inc’s holdings in Dutch Bros were worth $21,182,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Hollencrest Capital Management grew its position in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Creative Planning grew its holdings in shares of Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the last quarter. Keudell Morrison Wealth Management increased its position in shares of Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC boosted its position in Dutch Bros by 7.7% in the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after buying an additional 500 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 92.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction on 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 sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 over the last three months. Company insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BROS. UBS Group raised their price objective on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler boosted their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Jefferies Financial Group raised their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $58.00.

Dutch Bros Stock Down 1.3 %

Shares of NYSE:BROS opened at $60.13 on Friday. 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 stock has a market cap of $9.27 billion, a price-to-earnings ratio of 207.34, a P/E/G ratio of 3.34 and a beta of 2.71. The company has a 50 day moving average of $54.79 and a 200-day moving average of $42.04. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $61.33.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (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 analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. On average, sell-side 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.