Dutch Bros Inc. (NYSE:BROS) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,691 shares of the company’s stock after selling 345 shares during the period. Keudell Morrison Wealth Management’s holdings in Dutch Bros were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Dutch Bros during the 4th quarter worth approximately $25,000. KBC Group NV lifted its stake in Dutch Bros by 46.8% during the fourth quarter. KBC Group NV now owns 4,440 shares of the company’s stock worth $233,000 after purchasing an additional 1,415 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new position in Dutch Bros in the fourth quarter worth $281,000. Janney Montgomery Scott LLC boosted its holdings in Dutch Bros by 68.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company’s stock worth $1,922,000 after purchasing an additional 14,970 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Dutch Bros during the fourth quarter valued at $2,681,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Up 2.2 %

Dutch Bros stock opened at $63.20 on Friday. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $63.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market capitalization of $9.75 billion, a PE ratio of 217.95, a price-to-earnings-growth ratio of 3.54 and a beta of 2.71. The firm has a 50 day simple moving average of $55.62 and a 200-day simple moving average of $42.61.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, equities research analysts expect 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 a number of recent research reports. Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Wedbush boosted their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.09.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Company 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.