Moody Lynn & Lieberson LLC Takes $281,000 Position in Dutch Bros Inc. (NYSE:BROS)

Moody Lynn & Lieberson LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,374 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BROS. Janney Montgomery Scott LLC increased its holdings in Dutch Bros by 68.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company’s stock valued at $1,922,000 after buying an additional 14,970 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $2,681,000. Harbor Investment Advisory LLC acquired a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $60,000. My Legacy Advisors LLC bought a new position in Dutch Bros during the fourth quarter worth $233,000. Finally, Radnor Capital Management LLC acquired a new position in Dutch Bros in the fourth quarter worth $243,000. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BROS. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Stifel Nicolaus upped their target price on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wedbush raised their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. One research 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 company has an average rating of “Buy” and an average target price of $58.00.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 439,655 shares of company stock worth $14,679,518 over the last quarter. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Trading Down 1.3 %

NYSE:BROS opened at $60.13 on Monday. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 207.34, a PEG ratio of 3.34 and a beta of 2.71. 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 1 year low of $25.46 and a 1 year high of $61.33. The business has a fifty day moving average of $54.79 and a 200-day moving average of $42.06.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. Equities analysts predict 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.