Comerica Bank Reduces Stake in Dutch Bros Inc. (NYSE:BROS)

Comerica Bank lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,361 shares of the company’s stock after selling 738 shares during the period. Comerica Bank’s holdings in Dutch Bros were worth $1,538,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Dutch Bros in the third quarter worth $50,000. Watts Gwilliam & Co. LLC purchased a new stake in Dutch Bros during the fourth quarter valued at about $304,000. Fortitude Family Office LLC bought a new position in Dutch Bros during the fourth quarter worth about $41,000. Harbor Capital Advisors Inc. increased its stake in shares of Dutch Bros by 6.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after purchasing an additional 1,661 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $243,000. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BROS shares. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an “overweight” rating in a report on Monday, April 14th. Barclays lifted their price target on Dutch Bros from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. UBS Group reduced their target price on Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, Robert W. Baird increased their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $75.21.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. Insiders own 42.40% of the company’s stock.

Dutch Bros Stock Down 1.6 %

Shares of NYSE:BROS opened at $63.44 on Friday. The firm has a market capitalization of $9.78 billion, a PE ratio of 186.59, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The firm has a fifty day moving average of $61.01 and a 200 day moving average of $58.31.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

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.