My Legacy Advisors LLC Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

My Legacy Advisors LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,451 shares of the company’s stock, valued at approximately $233,000.

Several other large investors also recently modified their holdings of the company. Radnor Capital Management LLC bought a new stake in shares of Dutch Bros in the fourth quarter worth $243,000. Harbor Capital Advisors Inc. grew its holdings in shares of Dutch Bros by 6.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after acquiring an additional 1,661 shares during the period. Fortitude Family Office LLC bought a new stake in Dutch Bros during the fourth quarter valued at about $41,000. Watts Gwilliam & Co. LLC bought a new stake in Dutch Bros during the fourth quarter valued at about $304,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros during the third quarter valued at about $50,000. Institutional investors own 85.54% of the company’s stock.

Insider Activity

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

Dutch Bros Trading Down 1.1 %

BROS opened at $59.82 on Monday. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 206.28, a P/E/G ratio of 3.16 and a beta of 2.71. The stock’s 50 day moving average price is $53.53 and its 200-day moving average price is $41.40. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $61.33. 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 (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. On average, equities analysts forecast that Dutch Bros Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BROS shares. Wedbush boosted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus boosted their price target on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 10th. UBS Group boosted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $58.00.

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.