Wesbanco Bank Inc. Has $1.81 Million Position in Dutch Bros Inc. (NYSE:BROS)

Wesbanco Bank Inc. cut its holdings in Dutch Bros Inc. (NYSE:BROS) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,485 shares of the company’s stock after selling 9,800 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dutch Bros were worth $1,806,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP grew its holdings in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after buying an additional 1,141,913 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after buying an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC boosted its holdings in shares of Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after buying an additional 555,000 shares during the period. 85.54% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros 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 sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 over the last quarter. 46.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Monday, January 6th. UBS Group increased their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $58.00.

Dutch Bros Trading Up 1.1 %

NYSE:BROS opened at $60.90 on Friday. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 210.00, a PEG ratio of 3.33 and a beta of 2.71. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $61.33. The business’s 50-day moving average price is $54.24 and its two-hundred day moving average price is $41.78. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last released 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. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities analysts expect that Dutch Bros Inc. will post 0.39 earnings per share 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.