Royal Fund Management LLC Lowers Holdings in Dutch Bros Inc. (NYSE:BROS)

Royal Fund Management LLC decreased its holdings in Dutch Bros Inc. (NYSE:BROS) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,400 shares of the company’s stock after selling 3,100 shares during the quarter. Royal Fund Management LLC’s holdings in Dutch Bros were worth $678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. FMR LLC grew its holdings in shares of Dutch Bros by 42.9% during the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock worth $199,526,000 after purchasing an additional 2,578,145 shares during the period. Vanguard Group Inc. grew its holdings in shares of Dutch Bros by 32.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock worth $107,288,000 after purchasing an additional 1,120,908 shares during the period. American Century Companies Inc. grew its holdings in shares of Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after purchasing an additional 773,616 shares during the period. Invesco Ltd. purchased a new stake in shares of Dutch Bros during the 3rd quarter worth about $11,549,000. Finally, Fenimore Asset Management Inc. acquired a new position in Dutch Bros during the 4th quarter worth approximately $13,610,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BROS. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Guggenheim reissued a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and set a $37.00 price target on shares of Dutch Bros in a research report on Wednesday, April 10th. Barclays reduced their price target on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.44.

Dutch Bros Stock Up 1.3 %

Shares of BROS traded up $0.34 during trading on Friday, reaching $27.29. The company’s stock had a trading volume of 1,901,157 shares, compared to its average volume of 1,691,881. The company has a fifty day moving average of $31.25 and a two-hundred day moving average of $29.08. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $36.17. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 909.67, a P/E/G ratio of 4.25 and a beta of 2.43. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Brian Maxwell sold 1,474 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the transaction, the chief operating officer now directly owns 1,039,646 shares in the company, valued at approximately $36,387,610. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company’s stock.

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.