Keudell Morrison Wealth Management Sells 260 Shares of Dutch Bros Inc. $BROS

Keudell Morrison Wealth Management decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 9,820 shares of the company’s stock after selling 260 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Dutch Bros were worth $671,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at about $80,000. Lecap Asset Management Ltd. boosted its stake in shares of Dutch Bros by 16.9% during the 2nd quarter. Lecap Asset Management Ltd. now owns 5,924 shares of the company’s stock valued at $405,000 after purchasing an additional 858 shares in the last quarter. Lauterbach Financial Advisors LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at about $205,000. Janney Capital Management LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at about $370,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Dutch Bros by 32.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 36,989 shares of the company’s stock valued at $2,529,000 after purchasing an additional 9,084 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 3.5%

Shares of Dutch Bros stock opened at $50.52 on Friday. 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 $8.31 billion, a PE ratio of 107.49, a price-to-earnings-growth ratio of 2.79 and a beta of 2.55. Dutch Bros Inc. has a 52-week low of $30.49 and a 52-week high of $86.88. The company has a 50-day simple moving average of $62.46 and a two-hundred day simple moving average of $64.04.

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

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the transaction, the insider directly owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 1,250,371 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 over the last three months. 42.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BROS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Saturday, September 27th. Barclays boosted their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. The Goldman Sachs Group dropped their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of Dutch Bros in a research note on Wednesday, September 24th. Finally, Bank of America boosted their price objective on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average 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.