Keudell Morrison Wealth Management Sells 260 Shares of Dutch Bros Inc. $BROS

Keudell Morrison Wealth Management trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,820 shares of the company’s stock after selling 260 shares during the period. Keudell Morrison Wealth Management’s holdings in Dutch Bros were worth $671,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $267,000. GAMMA Investing LLC raised its position in shares of Dutch Bros by 11,342.2% during the 1st quarter. GAMMA Investing LLC now owns 50,689 shares of the company’s stock valued at $3,130,000 after buying an additional 50,246 shares in the last quarter. NBC Securities Inc. raised its position in shares of Dutch Bros by 49,758.3% during the 1st quarter. NBC Securities Inc. now owns 5,983 shares of the company’s stock valued at $369,000 after buying an additional 5,971 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $359,000. Finally, Radnor Capital Management LLC raised its position in shares of Dutch Bros by 14.4% during the 1st quarter. Radnor Capital Management LLC now owns 5,310 shares of the company’s stock valued at $328,000 after buying an additional 670 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 1,250,371 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 49.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock worth $207,633,882 in the last 90 days. Corporate insiders own 42.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BROS. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Guggenheim raised their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. UBS Group raised their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. TD Cowen restated a “buy” rating and set a $86.00 price objective on shares of Dutch Bros in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $85.00 target price on shares of Dutch Bros in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $79.88.

Dutch Bros Price Performance

BROS stock opened at $50.52 on Friday. The firm’s 50-day moving average price is $62.46 and its two-hundred day moving average price is $64.04. Dutch Bros Inc. has a 12-month low of $30.49 and a 12-month high of $86.88. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 107.49, a PEG ratio of 2.79 and a beta of 2.55. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The firm had revenue of $415.81 million for the quarter, compared to analysts’ expectations of $403.24 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

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.