GPS Wealth Strategies Group LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS – Get Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the company's stock, valued at approximately $41,000.
Other institutional investors have also added to or reduced their stakes in the company. Kessler Investment Group LLC purchased a new stake in Dutch Bros during the fourth quarter valued at about $39,000. FourThought Financial LLC purchased a new stake in Dutch Bros during the first quarter valued at about $44,000. Rosenberg Matthew Hamilton purchased a new stake in Dutch Bros during the second quarter valued at about $44,000. Newbridge Financial Services Group Inc. boosted its position in Dutch Bros by 100.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,000 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares during the period. Finally, Allworth Financial LP boosted its position in Dutch Bros by 68.8% during the first quarter. Allworth Financial LP now owns 1,227 shares of the company's stock valued at $68,000 after buying an additional 500 shares during the period.
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Wall Street Analyst Weigh In
BROS has been the subject of a number of analyst reports. Robert W. Baird increased their target price on shares of Dutch Bros from $30.00 to $46.00 in a report on Thursday, August 11th. JPMorgan Chase & Co. lowered shares of Dutch Bros from an "overweight" rating to a "neutral" rating and set a $40.00 target price for the company. in a report on Wednesday, June 8th. They noted that the move was a valuation call. Cowen increased their target price on shares of Dutch Bros to $53.00 in a report on Monday, August 15th. Piper Sandler increased their target price on shares of Dutch Bros from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, August 11th. Finally, Stifel Nicolaus increased their target price on shares of Dutch Bros from $30.00 to $45.00 in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.40.
Dutch Bros Price Performance
BROS stock opened at $32.42 on Friday. Dutch Bros Inc. has a 1 year low of $20.05 and a 1 year high of $81.40. The company has a market cap of $1.28 billion and a P/E ratio of -98.24. The firm has a 50-day moving average of $38.08 and a 200 day moving average of $41.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.54 and a quick ratio of 0.30.
Dutch Bros (NYSE:BROS – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Dutch Bros had a negative net margin of 2.54% and a positive return on equity of 0.55%. The business had revenue of $186.38 million for the quarter, compared to the consensus estimate of $182.56 million. The firm's revenue for the quarter was up 44.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dutch Bros Inc. will post -0.04 EPS for the current year.
Insider Buying and Selling at Dutch Bros
In other Dutch Bros news, COO Brian Maxwell sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief operating officer now owns 1,153,620 shares of the company's stock, valued at $46,144,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Brian Maxwell sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief operating officer now owns 1,153,620 shares of the company's stock, valued at $46,144,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles Jemley sold 85,000 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $46.28, for a total transaction of $3,933,800.00. Following the sale, the chief financial officer now directly owns 1,167,032 shares of the company's stock, valued at approximately $54,010,240.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,125 shares of company stock valued at $9,392,648. Corporate insiders own 49.30% of the company's stock.
Dutch Bros Profile
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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.
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