Fifth Third Wealth Advisors LLC Takes Position in Dutch Bros Inc. $BROS

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,147 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also made changes to their positions in BROS. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $31,000. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $38,000. GAMMA Investing LLC grew its position in shares of Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after buying an additional 378 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Dutch Bros during the first quarter worth approximately $54,000. Finally, Hollencrest Capital Management grew its position in shares of Dutch Bros by 21.2% during the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 787,681 shares of Dutch Bros stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock worth $207,633,882 over the last quarter. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Stock Performance

BROS stock opened at $52.97 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 112.70, a PEG ratio of 2.89 and a beta of 2.55. Dutch Bros Inc. has a 1 year low of $32.68 and a 1 year high of $86.88. The stock’s fifty day moving average is $61.24 and its two-hundred day moving average is $63.22.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BROS shares. CICC Research started coverage on shares of Dutch Bros in a research report on Monday, June 30th. They set an “outperform” rating and a $80.00 price target for the company. UBS Group raised their price target on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Guggenheim lifted their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Dutch Bros in a report on Wednesday, September 24th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dutch Bros in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.88.

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.