Hedges Asset Management LLC Has $365,000 Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Hedges Asset Management LLC increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 28.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Hedges Asset Management LLC’s holdings in Dutch Bros were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Dutch Bros in the 1st quarter valued at approximately $26,000. Arcadia Investment Management Corp MI bought a new position in Dutch Bros in the 2nd quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Quest Partners LLC lifted its stake in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Dutch Bros in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Dutch Bros in a research note on Monday, October 14th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 15th. Barclays dropped their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Finally, Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.20.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the completion of the sale, the insider now owns 507,700 shares of the company’s stock, valued at $17,266,877. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,128,885 shares of company stock worth $36,124,009. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $35.53 on Monday. Dutch Bros Inc. has a twelve month low of $23.31 and a twelve month high of $43.49. The firm has a fifty day simple moving average of $32.82 and a 200 day simple moving average of $34.79. The company has a market capitalization of $6.30 billion, a PE ratio of 197.39, a P/E/G ratio of 2.55 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

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