Harbor Investment Advisory LLC Buys New Position in Dutch Bros Inc. (NYSE:BROS)

Harbor Investment Advisory LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,146 shares of the company’s stock, valued at approximately $60,000.

Several other hedge funds also recently modified their holdings of BROS. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the third quarter valued at approximately $224,461,000. Wasatch Advisors LP boosted its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC boosted its position in shares of Dutch Bros by 40.7% during the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after buying an additional 555,000 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the transaction, the chairman now directly owns 9,817 shares in the company, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by company insiders.

Dutch Bros Stock Performance

NYSE:BROS opened at $60.15 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $61.33. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 207.43, a PEG ratio of 3.30 and a beta of 2.71. The business’s fifty day moving average is $54.24 and its 200 day moving average is $41.78.

Dutch Bros (NYSE:BROS) last released 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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Jefferies Financial Group boosted their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. 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 report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price objective 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 research 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $58.00.

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.