Dutch Bros Inc. (NYSE:BROS) Shares Bought by Algert Global LLC

Algert Global LLC grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 21.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,602 shares of the company’s stock after buying an additional 5,520 shares during the period. Algert Global LLC’s holdings in Dutch Bros were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of BROS. Vanguard Group Inc. raised its position in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Dutch Bros during the first quarter worth about $2,072,000. California State Teachers Retirement System increased its position in Dutch Bros by 34.7% during the first quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock worth $2,217,000 after purchasing an additional 17,290 shares during the last quarter. Virtu Financial LLC acquired a new stake in Dutch Bros during the first quarter worth about $319,000. Finally, Cetera Investment Advisers boosted its stake in Dutch Bros by 537.1% during the first quarter. Cetera Investment Advisers now owns 89,619 shares of the company’s stock worth $2,957,000 after buying an additional 75,553 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BROS shares. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Wedbush raised their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the sale, the insider now owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. This trade represents a 26.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. The trade was a 96.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,065,467 shares of company stock valued at $35,434,372. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Stock Up 0.3 %

Shares of NYSE:BROS opened at $53.15 on Friday. The firm’s 50 day moving average price is $38.33 and its 200 day moving average price is $37.04. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 183.28, a price-to-earnings-growth ratio of 4.16 and a beta of 2.47. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $53.29. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share 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.