Royal Fund Management LLC Has $678,000 Stake in Dutch Bros Inc. (NYSE:BROS)

Royal Fund Management LLC decreased its holdings in Dutch Bros Inc. (NYSE:BROS) by 12.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,400 shares of the company’s stock after selling 3,100 shares during the quarter. Royal Fund Management LLC’s holdings in Dutch Bros were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP grew its position in Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Dutch Bros by 31.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after purchasing an additional 590 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in Dutch Bros by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 19,654 shares of the company’s stock worth $457,000 after acquiring an additional 995 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after acquiring an additional 1,208 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of several analyst reports. TD Cowen reaffirmed a “hold” rating and set a $33.00 target price on shares of Dutch Bros in a research report on Friday, April 26th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $37.00 in a report on Monday, March 4th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.44.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the transaction, the insider now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the sale, the insider now directly owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock valued at $561,438,392 in the last three months. 46.50% of the stock is currently owned by insiders.

Dutch Bros Stock Up 1.3 %

BROS stock traded up $0.34 during midday trading on Friday, reaching $27.29. 1,901,157 shares of the company’s stock traded hands, compared to its average volume of 1,691,881. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 909.67, a P/E/G ratio of 4.25 and a beta of 2.43. The firm’s fifty day moving average price is $31.25 and its 200-day moving average price is $29.08. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 52 week low of $22.67 and a 52 week high of $36.17.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.25 earnings per share for the current fiscal year.

About Dutch Bros

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.