TCG Advisory Services LLC Acquires Shares of 28,950 Dutch Bros Inc. (NYSE:BROS)

TCG Advisory Services LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,950 shares of the company’s stock, valued at approximately $917,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $40,000. Avior Wealth Management LLC increased its stake in shares of Dutch Bros by 1,610.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after purchasing an additional 1,208 shares during the last quarter. Allworth Financial LP boosted its holdings in Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after buying an additional 590 shares during the period. Finally, Bullseye Asset Management LLC bought a new position in Dutch Bros in the 3rd quarter worth approximately $116,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 404,950 shares of Dutch Bros stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $1,773,816.72. Following the completion of the transaction, the insider now owns 1,051,178 shares in the company, valued at $37,884,455.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 404,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the sale, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 in the last 90 days. 46.50% of the stock is owned by company insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $0.34 on Friday, hitting $27.29. 1,901,157 shares of the company traded hands, compared to its average volume of 1,691,881. The firm’s 50-day simple moving average is $31.25 and its 200 day simple moving average is $29.08. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a market cap of $4.83 billion, a P/E ratio of 909.67, a P/E/G ratio of 4.25 and a beta of 2.43. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $36.17.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $254.12 million for the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. Analysts expect that Dutch Bros Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BROS. JPMorgan Chase & Co. raised their price objective 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. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a report on Wednesday, April 3rd. TD Cowen reissued a “hold” rating and issued a $33.00 price target on shares of Dutch Bros in a report on Friday, April 26th. Finally, Barclays cut their price target on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.44.

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.