Keudell Morrison Wealth Management Acquires 490 Shares of Dutch Bros Inc. (NYSE:BROS)

Keudell Morrison Wealth Management boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,036 shares of the company’s stock after acquiring an additional 490 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Dutch Bros were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BROS. Creative Planning increased its position in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% in the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after acquiring an additional 500 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Dutch Bros by 8.6% in the third quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock valued at $219,000 after acquiring an additional 544 shares during the last quarter. Finally, Amalgamated Bank raised its position in Dutch Bros by 10.4% during the third quarter. Amalgamated Bank now owns 6,048 shares of the company’s stock valued at $194,000 after purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now owns 712,819 shares in the company, valued at approximately $22,810,208. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. Company insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird reduced their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 15th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.80.

Dutch Bros Trading Up 39.4 %

Shares of NYSE:BROS traded up $13.77 during midday trading on Thursday, hitting $48.71. 6,591,831 shares of the stock traded hands, compared to its average volume of 2,727,812. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $33.24 and its two-hundred day moving average is $34.92. The stock has a market capitalization of $7.51 billion, a PE ratio of 189.16, a P/E/G ratio of 3.68 and a beta of 2.47. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $48.99.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. As a group, research analysts forecast that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

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.