RB Capital Management LLC Reduces Holdings in Dutch Bros Inc. (NYSE:BROS)

RB Capital Management LLC trimmed its stake in Dutch Bros Inc. (NYSE:BROS) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,290 shares of the company’s stock after selling 2,364 shares during the period. RB Capital Management LLC’s holdings in Dutch Bros were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Dutch Bros during the 4th quarter worth $40,000. Avior Wealth Management LLC boosted its stake in Dutch Bros by 1,610.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after purchasing an additional 1,208 shares during the period. Allworth Financial LP boosted its stake in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after purchasing an additional 471 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after purchasing an additional 590 shares during the period. Finally, Bullseye Asset Management LLC acquired a new stake in Dutch Bros during the 3rd quarter worth $116,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on BROS shares. Guggenheim restated a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a research note on Friday, April 5th. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Wedbush restated an “outperform” rating and issued a $37.00 target price on shares of Dutch Bros in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price on shares of Dutch Bros in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $34.44.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 98,017 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the completion of the transaction, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 98,017 shares of Dutch Bros stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the sale, the chairman now owns 672,439 shares of the company’s stock, valued at $24,234,701.56. The disclosure for this sale can be found here. In the last three months, insiders sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Stock Performance

NYSE:BROS opened at $27.42 on Thursday. 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 firm has a 50-day moving average price of $31.29 and a two-hundred day moving average price of $29.08. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $36.17. The company has a market capitalization of $4.86 billion, a P/E ratio of 900.00, a price-to-earnings-growth ratio of 4.44 and a beta of 2.43.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The firm had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. As a group, research analysts expect that Dutch Bros Inc. will post 0.25 earnings per share for the current fiscal year.

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.