Avondale Wealth Management Sells 750 Shares of Dutch Bros Inc. (NYSE:BROS)

Avondale Wealth Management decreased its position in Dutch Bros Inc. (NYSE:BROS) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,250 shares of the company’s stock after selling 750 shares during the period. Avondale Wealth Management’s holdings in Dutch Bros were worth $65,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC increased its position in Dutch Bros by 20.7% during the 2nd quarter. Natixis Advisors LLC now owns 26,748 shares of the company’s stock valued at $1,107,000 after purchasing an additional 4,579 shares during the period. Rhumbline Advisers boosted its stake in shares of Dutch Bros by 6,655.1% during the second quarter. Rhumbline Advisers now owns 84,776 shares of the company’s stock valued at $3,510,000 after purchasing an additional 83,521 shares in the last quarter. TD Asset Management Inc increased its holdings in Dutch Bros by 3.7% during the second quarter. TD Asset Management Inc now owns 74,062 shares of the company’s stock valued at $3,066,000 after buying an additional 2,656 shares during the period. Victory Capital Management Inc. raised its stake in Dutch Bros by 12.6% in the second quarter. Victory Capital Management Inc. now owns 19,918 shares of the company’s stock worth $825,000 after buying an additional 2,223 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Dutch Bros by 82.8% during the second quarter. Arizona State Retirement System now owns 31,841 shares of the company’s stock worth $1,318,000 after buying an additional 14,423 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS traded down $0.21 during trading on Friday, reaching $55.99. 390,277 shares of the company’s stock traded hands, compared to its average volume of 2,391,998. The firm has a market cap of $8.63 billion, a PE ratio of 193.08, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $59.18. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $51.04 and a 200-day simple moving average of $40.67.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 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 business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue was up 27.9% compared to the same quarter last year. As a group, analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Piper Sandler lifted their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday. Stifel Nicolaus lifted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group increased their target price on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $56.36.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The shares were 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 of the company’s stock, valued at $4,527,926.13. The trade was a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by corporate insiders.

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.