Dutch Bros Inc. (NYSE:BROS) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 29.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,635 shares of the company’s stock after selling 33,116 shares during the quarter. Dutch Bros makes up about 1.3% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 28th biggest position. Taylor Frigon Capital Management LLC’s holdings in Dutch Bros were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros during the 2nd quarter valued at approximately $27,000. Quest Partners LLC raised its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros in the 1st quarter worth $26,000. Jamison Private Wealth Management Inc. boosted 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, Abound Wealth Management purchased a new position in Dutch Bros during the second quarter worth about $39,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $0.87 on Thursday, hitting $35.63. The company’s stock had a trading volume of 725,569 shares, compared to its average volume of 2,704,482. The stock has a 50 day moving average of $32.70 and a 200-day moving average of $34.74. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 193.11, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. Dutch Bros Inc. has a 12-month low of $23.31 and a 12-month high of $43.49. 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 (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, research analysts predict that Dutch Bros Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BROS shares. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Barclays cut their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a report on Monday, October 14th. Finally, Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.20.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of the business’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 completion of the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the transaction, the insider now directly owns 507,700 shares in the company, valued at approximately $17,266,877. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock valued at $36,124,009 over the last quarter. Insiders own 46.50% of the company’s stock.

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.