Harbor Investment Advisory LLC Buys Shares of 1,146 Dutch Bros Inc. (NYSE:BROS)

Harbor Investment Advisory LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,146 shares of the company’s stock, valued at approximately $60,000.

Other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. raised 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 valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management raised its position in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Dutch Bros in the third quarter valued at about $36,000. nVerses Capital LLC bought a new position in Dutch Bros in the third quarter valued at about $38,000. Finally, Fortitude Family Office LLC bought a new position in Dutch Bros in the fourth quarter valued at about $41,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Up 0.2 %

Shares of BROS stock opened at $60.15 on Thursday. The company has a market cap of $9.27 billion, a P/E ratio of 207.43, a PEG ratio of 3.30 and a beta of 2.71. The stock has a 50 day simple moving average of $54.24 and a two-hundred day simple moving average of $41.78. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $61.33.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Research analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, 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 completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 560,698 shares of company stock valued at $19,040,697. Company insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BROS shares. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and increased their target price for the company from $60.00 to $70.00 in a research report on Monday, January 6th. UBS Group raised their price objective on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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 company. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $58.00.

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.