Allspring Global Investments Holdings LLC Purchases 30,437 Shares of Dutch Bros Inc. (NYSE:BROS)

Allspring Global Investments Holdings LLC boosted its position in Dutch Bros Inc. (NYSE:BROS) by 3.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 867,653 shares of the company’s stock after purchasing an additional 30,437 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dutch Bros were worth $27,791,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Creative Planning boosted its holdings in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after buying an additional 405 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Keudell Morrison Wealth Management grew its position in shares of Dutch Bros by 5.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after acquiring an additional 524 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the 2nd quarter worth $27,000. Finally, Quest Partners LLC raised its holdings in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity

In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the sale, the insider now directly owns 432,518 shares in the company, valued at $13,849,226.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 in the last ninety days. Insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 0.0 %

Shares of BROS opened at $34.76 on Thursday. The stock has a market capitalization of $6.16 billion, a PE ratio of 193.11, a P/E/G ratio of 2.55 and a beta of 2.49. The company’s fifty day moving average is $32.70 and its 200 day moving average is $34.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $43.49.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Sell-side analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of analyst reports. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 price objective on shares of Dutch Bros in a report on Thursday, September 12th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, August 15th. Finally, Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Dutch Bros 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.