Dutch Bros Inc. $BROS Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in Dutch Bros Inc. (NYSE:BROS) by 50.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,440 shares of the company’s stock after selling 3,437 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Dutch Bros were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Joule Financial LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter worth $724,000. Berkshire Capital Holdings Inc. acquired a new stake in shares of Dutch Bros in the 1st quarter worth $6,438,000. Jump Financial LLC boosted its position in shares of Dutch Bros by 47.3% in the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock worth $13,816,000 after purchasing an additional 71,834 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dutch Bros in the 4th quarter worth $267,000. Finally, Capital CS Group LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter worth $470,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

NYSE BROS opened at $48.94 on Monday. The stock has a 50-day simple moving average of $61.45 and a two-hundred day simple moving average of $63.36. The firm has a market capitalization of $8.05 billion, a P/E ratio of 104.13, a PEG ratio of 2.70 and a beta of 2.55. Dutch Bros Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock valued at $207,633,882 in the last quarter. Company insiders own 42.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BROS. UBS Group raised their price objective on Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Bank of America lifted their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Guggenheim lifted their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Barclays lifted their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.