Dutch Bros Inc. (NYSE:BROS) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,245 shares of the company’s stock after selling 179 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Dutch Bros were worth $222,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter worth $25,000. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the 4th quarter valued at $41,000. Jamison Private Wealth Management Inc. boosted its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management grew its position in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Finally, Quarry LP purchased a new stake in Dutch Bros during the second quarter worth about $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BROS. Robert W. Baird upgraded shares of Dutch Bros from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $70.00 in a report on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Piper Sandler boosted their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $60.09.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $62.57 on Monday. The stock has a fifty day moving average price of $55.85 and a 200 day moving average price of $42.77. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $63.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a market cap of $9.65 billion, a PE ratio of 215.76, a P/E/G ratio of 3.54 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the business earned $0.08 EPS. The business’s revenue was up 27.9% on a year-over-year basis. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 EPS for the current year.

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.