Total Clarity Wealth Management Inc. Purchases Shares of 12,434 Dutch Bros Inc. $BROS

Total Clarity Wealth Management Inc. purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 12,434 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Dutch Bros during the 1st quarter valued at approximately $31,000. Banque Transatlantique SA bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $38,000. GAMMA Investing LLC raised its position in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $54,000. Finally, Hollencrest Capital Management raised its position in shares of Dutch Bros by 21.2% in the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.4%

BROS stock opened at $48.94 on Monday. Dutch Bros Inc. has a twelve month low of $30.79 and a twelve month high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The firm has a market cap of $8.05 billion, a PE ratio of 104.13, a price-to-earnings-growth ratio of 2.70 and a beta of 2.55. The business has a 50 day moving average of $61.45 and a 200 day moving average of $63.36.

Dutch Bros (NYSE:BROS) last posted 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. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Company insiders own 42.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BROS shares. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Melius Research raised Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. Bank of America increased their target price on Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Dutch Bros in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.88.

Dutch Bros 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.