Orca Investment Management LLC Acquires 1,725 Shares of Dutch Bros Inc. (NYSE:BROS)

Orca Investment Management LLC raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 10.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,569 shares of the company’s stock after purchasing an additional 1,725 shares during the period. Orca Investment Management LLC’s holdings in Dutch Bros were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of BROS. FMR LLC increased its holdings in Dutch Bros by 42.9% in the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after buying an additional 2,578,145 shares during the period. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 32.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after purchasing an additional 1,120,908 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at $11,549,000. Finally, Fenimore Asset Management Inc. acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $13,610,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.5 %

Shares of BROS stock traded down $0.13 on Monday, reaching $28.46. The company had a trading volume of 1,470,457 shares, compared to its average volume of 1,935,848. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.04 billion, a PE ratio of 950.33, a PEG ratio of 4.43 and a beta of 2.41. The company has a 50-day moving average of $31.25 and a 200-day moving average of $29.05. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $36.17.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. On average, equities analysts forecast that Dutch Bros Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Brian Maxwell sold 36,026 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.12, for a total transaction of $1,265,233.12. Following the completion of the transaction, the chief operating officer now directly owns 1,003,620 shares of the company’s stock, valued at approximately $35,247,134.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,907,188 shares of company stock valued at $561,438,392. 46.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. TD Cowen restated a “hold” rating and set a $33.00 target price on shares of Dutch Bros in a research report on Friday. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.44.

About Dutch Bros

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.