Dutch Bros Inc. $BROS Shares Sold by West Michigan Advisors LLC

West Michigan Advisors LLC cut its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 35.5% during the second quarter, HoldingsChannel.com reports. The firm owned 4,187 shares of the company’s stock after selling 2,309 shares during the period. West Michigan Advisors LLC’s holdings in Dutch Bros were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BROS. Wedmont Private Capital boosted its position in shares of Dutch Bros by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 5,473 shares of the company’s stock worth $363,000 after buying an additional 158 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 21.2% in the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after buying an additional 192 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Dutch Bros by 6.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after buying an additional 278 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after buying an additional 378 shares in the last quarter. Finally, CWC Advisors LLC. boosted its position in shares of Dutch Bros by 3.8% in the 2nd quarter. CWC Advisors LLC. now owns 10,874 shares of the company’s stock worth $743,000 after buying an additional 396 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the sale, the chairman directly owned 975,031 shares of the company’s stock, valued at $67,218,637.14. This trade represents a 44.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. Corporate insiders own 42.40% of the company’s stock.

Dutch Bros Stock Down 0.3%

BROS opened at $56.98 on Friday. The firm has a 50 day moving average price of $59.73 and a 200 day moving average price of $63.12. The company has a market cap of $9.37 billion, a PE ratio of 121.24, a price-to-earnings-growth ratio of 3.14 and a beta of 2.55. Dutch Bros Inc. has a 1 year low of $32.68 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Dutch Bros from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen restated a “buy” rating and issued a $86.00 target price on shares of Dutch Bros in a report on Tuesday, August 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 target price on shares of Dutch Bros in a report on Wednesday, September 24th. Wells Fargo & Company reduced their target price on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, Barclays reduced their target price on shares of Dutch Bros from $92.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.82.

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.