Cetera Investment Advisers Lowers Stock Holdings in Dutch Bros Inc. $BROS

Cetera Investment Advisers reduced its position in Dutch Bros Inc. (NYSE:BROS) by 7.6% in the first quarter, Holdings Channel.com reports. The fund owned 137,165 shares of the company’s stock after selling 11,284 shares during the quarter. Cetera Investment Advisers’ holdings in Dutch Bros were worth $6,949,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares during the period. AdvisorShares Investments LLC boosted its holdings in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares during the period. Lazard Asset Management LLC grew its position in shares of Dutch Bros by 6.5% during the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares in the last quarter. Finally, Quarry LP grew its position in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BROS shares. Oppenheimer raised their price target on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Piper Sandler raised their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Telsey Advisory Group lifted their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Citigroup lifted their target price on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman directly owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the transaction, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock worth $243,021,771 in the last quarter. 38.90% of the stock is owned by insiders.

Dutch Bros Trading Up 0.7%

Shares of BROS stock opened at $65.86 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $64.41 and a two-hundred day moving average price of $57.53. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The firm has a market cap of $11.50 billion, a P/E ratio of 102.91, a price-to-earnings-growth ratio of 1.99 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Equities analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Dutch Bros Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.