My Legacy Advisors LLC Acquires Shares of 4,451 Dutch Bros Inc. (NYSE:BROS)

My Legacy Advisors LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,451 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. boosted its position in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its position in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the third quarter worth $36,000. nVerses Capital LLC purchased a new position in Dutch Bros in the third quarter worth $38,000. Finally, Fortitude Family Office LLC purchased a new position in Dutch Bros in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity

In related news, Chairman Travis Boersma sold 80,720 shares of the firm’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 transaction of $2,908,341.60. Following the transaction, the chairman now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 39.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’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 transaction, the insider now owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is currently owned by insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $59.82 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $9.22 billion, a PE ratio of 206.28, a price-to-earnings-growth ratio of 3.16 and a beta of 2.71. The business’s 50-day moving average price is $53.53 and its 200-day moving average price is $41.40. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $61.33.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the topic of several research analyst reports. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price target for the company from $60.00 to $70.00 in a research report on Monday, January 6th. Wedbush upped their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $58.00.

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.