Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its holdings in Dutch Bros Inc. (NYSE:BROSFree Report) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,890 shares of the company’s stock after acquiring an additional 1,910 shares during the period. Van Hulzen Asset Management LLC’s holdings in Dutch Bros were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Dutch Bros by 42.9% during the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after acquiring an additional 2,578,145 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Dutch Bros by 32.1% during the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock worth $107,288,000 after buying an additional 1,120,908 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after buying an additional 773,616 shares during the period. Invesco Ltd. acquired a new stake in Dutch Bros during the third quarter worth approximately $11,549,000. Finally, Fenimore Asset Management Inc. purchased a new stake in Dutch Bros in the 4th quarter worth approximately $13,610,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BROS shares. Barclays increased their target price on Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wedbush lifted their price target on shares of Dutch Bros from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and upped 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 set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, TD Cowen upgraded Dutch Bros from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $46.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

View Our Latest Analysis on Dutch Bros

Dutch Bros Stock Up 9.8 %

BROS traded up $3.20 during trading hours on Friday, reaching $36.00. 5,743,852 shares of the stock traded hands, compared to its average volume of 1,797,066. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $36.25. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 1,200.00, a PEG ratio of 4.49 and a beta of 2.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The firm’s fifty day simple moving average is $31.48 and its two-hundred day simple moving average is $29.28.

Dutch Bros (NYSE:BROSGet Free Report) last announced its earnings results 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. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. As a group, analysts forecast that Dutch Bros Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Travis Boersma sold 98,017 shares of Dutch Bros 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 $3,532,532.68. Following the sale, the chairman now owns 672,439 shares of the company’s stock, valued at $24,234,701.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the firm’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 transaction, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 98,017 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 $3,532,532.68. Following the completion of the sale, the chairman now directly owns 672,439 shares of the company’s stock, valued at $24,234,701.56. The disclosure for this sale can be found here. In the last three months, insiders sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is currently owned by insiders.

About Dutch Bros

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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