Jamison Private Wealth Management Inc. Purchases 500 Shares of Dutch Bros Inc. (NYSE:BROS)

Jamison Private Wealth Management Inc. raised its position in shares of Dutch Bros Inc. (NYSE:BROS) by 150.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 833 shares of the company’s stock after purchasing an additional 500 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Dutch Bros were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BROS. Vanguard Group Inc. boosted its holdings in shares of Dutch Bros by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after acquiring an additional 135,918 shares during the period. Wealth Management Partners LLC boosted its holdings in shares of Dutch Bros by 4.2% in the first quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after acquiring an additional 756 shares during the period. WoodTrust Financial Corp boosted its holdings in shares of Dutch Bros by 18.1% in the first quarter. WoodTrust Financial Corp now owns 10,100 shares of the company’s stock worth $333,000 after acquiring an additional 1,550 shares during the period. Cannon Global Investment Management LLC boosted its holdings in shares of Dutch Bros by 65.3% in the first quarter. Cannon Global Investment Management LLC now owns 24,800 shares of the company’s stock worth $818,000 after acquiring an additional 9,800 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Dutch Bros by 37.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 246,497 shares of the company’s stock worth $8,134,000 after acquiring an additional 66,776 shares during the period. 85.54% of the stock is owned by institutional investors.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,885 shares of company stock worth $36,124,009. Company insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of a number of analyst reports. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Barclays cut their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Robert W. Baird dropped their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Dutch Bros in a research note on Monday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Dutch Bros Trading Up 2.0 %

NYSE BROS opened at $34.87 on Thursday. The stock’s 50-day simple moving average is $32.24 and its two-hundred day simple moving average is $34.65. Dutch Bros Inc. has a twelve month low of $23.31 and a twelve month high of $43.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 193.72, a PEG ratio of 2.55 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

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.