Transcendent Capital Group LLC Buys New Position in Dutch Bros Inc. (NYSE:BROS)

Transcendent Capital Group LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 800 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP raised its stake in Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after purchasing an additional 471 shares in the last quarter. Wealth Management Partners LLC raised its stake in shares of Dutch Bros by 4.2% during the first quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after acquiring an additional 756 shares in the last quarter. Bullseye Asset Management LLC raised its stake in shares of Dutch Bros by 20.0% during the fourth quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock worth $190,000 after acquiring an additional 1,000 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of Dutch Bros by 7.1% during the first quarter. Inspire Advisors LLC now owns 16,010 shares of the company’s stock worth $528,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after acquiring an additional 1,208 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the transaction, the insider now owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the transaction, the insider now owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the completion of the transaction, the insider now directly owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. Insiders sold a total of 1,228,068 shares of company stock valued at $44,765,154 in the last quarter. 46.50% of the stock is owned by insiders.

Dutch Bros Stock Up 0.9 %

Shares of BROS stock traded up $0.34 during mid-day trading on Monday, reaching $38.36. 1,629,331 shares of the company’s stock traded hands, compared to its average volume of 2,490,418. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49. The company has a market cap of $6.80 billion, a P/E ratio of 211.23, a P/E/G ratio of 4.73 and a beta of 2.53. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $38.86 and its 200-day moving average price is $33.25.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $275.10 million during the quarter, compared to analyst estimates of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. On average, equities analysts expect that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on BROS. TD Cowen lifted their price target on shares of Dutch Bros from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Robert W. Baird lifted their price target on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America lifted their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Guggenheim lifted their target price on shares of Dutch Bros from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $40.09.

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.