Oppenheimer Asset Management Inc. Invests $1.21 Million in Dutch Bros Inc. (NYSE:BROS)

Oppenheimer Asset Management Inc. acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, HoldingsChannel reports. The firm acquired 37,683 shares of the company’s stock, valued at approximately $1,207,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the second quarter valued at approximately $27,000. Quest Partners LLC grew its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Dutch Bros in the first quarter valued at approximately $26,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Dutch Bros by 150.2% in the third 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 in the last quarter. Finally, Hollencrest Capital Management grew its holdings in shares of 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 acquiring an additional 314 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of Dutch Bros stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the sale, the insider now directly owns 432,518 shares of the company’s stock, valued at approximately $13,849,226.36. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,095,377 shares of company stock valued at $36,392,066 over the last ninety days. 46.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BROS. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush increased their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler increased their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barclays increased their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Stock Up 2.4 %

BROS opened at $47.72 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company has a market cap of $7.36 billion, a P/E ratio of 164.56, a P/E/G ratio of 3.74 and a beta of 2.47. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $50.24. The business’s 50-day moving average price is $35.48 and its 200-day moving average price is $35.89.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million for 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%. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. On average, equities analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current 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.