Abound Wealth Management Takes Position in Dutch Bros Inc. (NYSE:BROS)

Abound Wealth Management bought a new position in Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to its most recent filing with the SEC. The firm bought 950 shares of the company’s stock, valued at approximately $39,000.

A number of other large investors have also recently made changes to their positions in BROS. Victory Capital Management Inc. grew its holdings in shares of Dutch Bros by 64.9% in the fourth quarter. Victory Capital Management Inc. now owns 14,443 shares of the company’s stock valued at $457,000 after acquiring an additional 5,685 shares in the last quarter. Private Advisor Group LLC bought a new stake in Dutch Bros in the fourth quarter worth about $220,000. Charles Schwab Investment Management Inc. boosted its stake in Dutch Bros by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company’s stock valued at $9,404,000 after acquiring an additional 14,158 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Dutch Bros by 51.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 21,974 shares of the company’s stock valued at $696,000 after acquiring an additional 7,446 shares during the period. Finally, UBS Group AG increased its stake in shares of Dutch Bros by 126.4% during the 4th quarter. UBS Group AG now owns 327,142 shares of the company’s stock worth $10,361,000 after purchasing an additional 182,658 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

NYSE:BROS opened at $34.01 on Monday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 188.94, a PEG ratio of 2.70 and a beta of 2.49. The business has a 50 day moving average of $34.96 and a 200 day moving average of $34.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $43.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

BROS has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Robert W. Baird reduced their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, August 15th. Finally, Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Insiders Place Their Bets

In other 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 sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,096,452 shares of company stock worth $35,018,776. 46.50% of the stock is currently owned by corporate insiders.

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.