Dutch Bros Inc. $BROS Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 0.2% in the first quarter, Holdings Channel.com reports. The fund owned 866,576 shares of the company’s stock after acquiring an additional 1,737 shares during the period. Ameriprise Financial Inc.’s holdings in Dutch Bros were worth $53,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new stake in Dutch Bros in the 1st quarter valued at about $31,000. Cullen Frost Bankers Inc. acquired a new stake in Dutch Bros in the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the 4th quarter valued at about $43,000. GAMMA Investing LLC lifted its holdings in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock valued at $51,000 after acquiring an additional 378 shares during the last quarter. Finally, Gould Capital LLC lifted its holdings in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after acquiring an additional 140 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 1,250,371 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 49.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,161,101 shares of company stock worth $207,633,882 in the last quarter. 42.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Royal Bank Of Canada upped their price objective on shares of Dutch Bros from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Bank of America upped their price objective on shares of Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Finally, UBS Group reduced their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.76.

Dutch Bros Price Performance

Shares of BROS opened at $73.25 on Thursday. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 155.86, a P/E/G ratio of 4.06 and a beta of 2.63. Dutch Bros Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The business’s 50-day moving average is $64.77 and its 200-day moving average is $65.94.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Equities research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

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.