Dutch Bros Inc. (NYSE:BROS) Shares Sold by Avondale Wealth Management

Avondale Wealth Management reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 37.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,250 shares of the company’s stock after selling 750 shares during the quarter. Avondale Wealth Management’s holdings in Dutch Bros were worth $65,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management raised 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 purchasing an additional 314 shares during the period. Creative Planning raised 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 valued at $318,000 after buying an additional 405 shares during the period. Keudell Morrison Wealth Management lifted its stake in 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 acquiring an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. boosted 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 acquiring an additional 500 shares during the period. Finally, Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS traded down $0.21 during midday trading on Friday, reaching $55.99. 390,277 shares of the stock were exchanged, compared to its average volume of 2,391,998. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 193.08, a PEG ratio of 3.89 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $59.18. The business’s 50-day moving average price is $51.04 and its 200 day moving average price is $40.67.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BROS shares. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $60.00 to $70.00 in a research note on Monday. Jefferies Financial Group boosted their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $70.00 in a report on Tuesday. TD Cowen increased their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $56.36.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 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 value of $2,908,341.60. Following the transaction, the chairman now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,698 shares of company stock worth $19,040,697 in the last 90 days. 46.50% of the stock is owned by insiders.

Dutch Bros Company 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.