Dutch Bros Inc. (NYSE:BROS) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,660 shares of the company’s stock after selling 1,009 shares during the period. Financial Advocates Investment Management’s holdings in Dutch Bros were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BROS. Hollencrest Capital Management boosted its position in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the last quarter. Creative Planning lifted its stake in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares in the last quarter. R Squared Ltd acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $25,000. Keudell Morrison Wealth Management grew its position in shares of Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after purchasing an additional 490 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. increased 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 purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $67.75 on Friday. The stock has a 50-day simple moving average of $56.85 and a 200-day simple moving average of $43.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $67.78. The stock has a market capitalization of $10.45 billion, a PE ratio of 233.62, a PEG ratio of 3.58 and a beta of 2.73.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BROS shares. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $70.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Piper Sandler boosted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $60.09.

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.