Dutch Bros Inc. (NYSE:BROS) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,594 shares of the company’s stock after selling 991 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Dutch Bros were worth $12,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Amalgamated Bank grew its holdings in Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after acquiring an additional 220 shares during the period. Arizona State Retirement System grew its holdings in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after acquiring an additional 260 shares during the period. Treasurer of the State of North Carolina grew its holdings in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after acquiring an additional 310 shares during the period. Level Four Advisory Services LLC boosted its position in Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after purchasing an additional 392 shares in the last quarter. Finally, Prosperity Wealth Management Inc. boosted its position in Dutch Bros by 4.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock worth $502,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. TD Securities reiterated a “buy” rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Stifel Nicolaus decreased their target price on Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Guggenheim boosted their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Finally, Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $75.73.

Dutch Bros Stock Performance

Dutch Bros stock opened at $73.86 on Friday. The firm has a market capitalization of $11.39 billion, a P/E ratio of 217.23, a PEG ratio of 4.23 and a beta of 2.71. The stock has a fifty day moving average price of $61.81 and a 200 day moving average price of $59.57. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by 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.