West Michigan Advisors LLC Decreases Holdings in Dutch Bros Inc. $BROS

West Michigan Advisors LLC trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,187 shares of the company’s stock after selling 2,309 shares during the period. West Michigan Advisors LLC’s holdings in Dutch Bros were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BROS. Blair William & Co. IL raised its position in shares of Dutch Bros by 27.6% in the second quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock valued at $15,630,000 after buying an additional 49,501 shares during the last quarter. Joule Financial LLC acquired a new stake in shares of Dutch Bros in the second quarter valued at about $724,000. Berkshire Capital Holdings Inc. acquired a new stake in shares of Dutch Bros in the first quarter valued at about $6,438,000. Jump Financial LLC raised its position in shares of Dutch Bros by 47.3% in the first quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock valued at $13,816,000 after buying an additional 71,834 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Dutch Bros in the second quarter valued at about $850,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 0.3%

Shares of NYSE:BROS opened at $56.98 on Friday. The company has a market capitalization of $9.37 billion, a PE ratio of 121.24, a P/E/G ratio of 3.14 and a beta of 2.55. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a twelve month low of $32.68 and a twelve month high of $86.88. The firm has a 50 day simple moving average of $59.73 and a 200-day simple moving average of $63.12.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on BROS shares. UBS Group raised their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research report on Friday. CICC Research initiated coverage on shares of Dutch Bros in a research report on Monday, June 30th. They set an “outperform” rating and a $80.00 price objective for the company. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Barclays dropped their price target on shares of Dutch Bros from $92.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday. 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 stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $77.82.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the company’s stock in a transaction on 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 completion of the sale, the chairman owned 975,031 shares of the company’s stock, valued at approximately $67,218,637.14. This trade represents a 44.69% 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 90 days. Insiders own 42.40% of the company’s stock.

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.