Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,100 Shares of Dutch Bros Inc. (NYSE:BROS)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,481 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dutch Bros were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BROS. DekaBank Deutsche Girozentrale purchased a new stake in Dutch Bros during the 4th quarter valued at approximately $40,000. Allworth Financial LP grew its stake in Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after acquiring an additional 590 shares during the last quarter. Bullseye Asset Management LLC purchased a new stake in Dutch Bros in the 3rd quarter worth $116,000. Finally, Victory Capital Management Inc. bought a new position in shares of Dutch Bros during the 3rd quarter valued at about $204,000. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BROS shares. Wedbush reiterated an “outperform” rating and issued a $37.00 target price on shares of Dutch Bros in a research report on Wednesday, April 10th. Barclays cut their target price on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research note on Friday, April 5th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 3rd. Finally, Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.44.

Insider Transactions at Dutch Bros

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $1,773,816.72. Following the completion of the sale, the insider now owns 1,051,178 shares in the company, valued at approximately $37,884,455.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

Dutch Bros stock opened at $27.29 on Friday. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $36.17. The company’s 50-day moving average is $31.25 and its 200 day moving average is $29.10. The firm has a market capitalization of $4.83 billion, a P/E ratio of 909.67, a price-to-earnings-growth ratio of 4.25 and a beta of 2.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The firm had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Research analysts forecast that Dutch Bros Inc. will post 0.25 EPS for the current 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.