Dutch Bros Inc. (NYSE:BROS) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Other large investors also recently made changes to their positions in the company. Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the period. Creative Planning lifted its holdings in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after buying an additional 405 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the period. Jamison Private Wealth Management Inc. grew its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Finally, Cannon Global Investment Management LLC lifted its holdings in shares of Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. UBS Group boosted 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. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. 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 MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $58.00.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction on 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 owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 39.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Price Performance

NYSE BROS opened at $60.90 on Friday. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $61.33. The stock’s 50-day moving average price is $54.24 and its two-hundred day moving average price is $41.78. The company has a market cap of $9.39 billion, a PE ratio of 210.00, a PEG ratio of 3.33 and a beta of 2.71. 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts predict that Dutch Bros Inc. will post 0.39 EPS 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.