Concurrent Investment Advisors LLC Sells 50,090 Shares of Dutch Bros Inc. (NYSE:BROS)

Concurrent Investment Advisors LLC reduced its position in Dutch Bros Inc. (NYSE:BROS) by 27.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,029 shares of the company’s stock after selling 50,090 shares during the quarter. Concurrent Investment Advisors LLC owned 0.07% of Dutch Bros worth $4,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. American Century Companies Inc. increased its position 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 worth $27,369,000 after acquiring an additional 773,616 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Dutch Bros by 42.6% during the third quarter. Wesbanco Bank Inc. now owns 32,785 shares of the company’s stock valued at $762,000 after purchasing an additional 9,800 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $107,288,000 after purchasing an additional 1,120,908 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Dutch Bros during the fourth quarter valued at approximately $3,852,000. Finally, Clearview Wealth Advisors LLC bought a new position in shares of Dutch Bros during the fourth quarter valued at approximately $222,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 4.0 %

BROS traded up $1.64 during trading hours on Monday, hitting $42.38. 2,226,375 shares of the company’s stock were exchanged, compared to its average volume of 2,481,530. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49. The firm has a 50 day moving average of $37.80 and a 200 day moving average of $32.64. The firm has a market cap of $7.51 billion, a P/E ratio of 232.96, a price-to-earnings-growth ratio of 6.15 and a beta of 2.53. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The company had revenue of $275.10 million for the quarter, compared to the consensus estimate of $255.71 million. Analysts predict that Dutch Bros Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BROS. Barclays raised their target price on shares of Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 3rd. TD Cowen lifted their price objective on shares of Dutch Bros from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Guggenheim raised their target price on shares of Dutch Bros from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.09.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the completion of the sale, the insider now owns 650,995 shares in the company, valued at approximately $23,605,078.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.26, for a total value of $3,890,951.82. Following the completion of the sale, the insider now owns 650,995 shares in the company, valued at approximately $23,605,078.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $977,402.70. Following the completion of the sale, the insider now owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. Insiders sold a total of 1,228,068 shares of company stock worth $44,765,154 in the last 90 days. Company insiders own 46.50% of the company’s stock.

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.