Dutch Bros Inc. (NYSE:BROS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 54.3% during the second quarter, HoldingsChannel.com reports. The firm owned 15,584 shares of the company’s stock after selling 18,552 shares during the period. Harbor Capital Advisors Inc.’s holdings in Dutch Bros were worth $645,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BROS. Transcendent Capital Group LLC acquired a new position in Dutch Bros during the first quarter worth about $26,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $40,000. Avior Wealth Management LLC increased its stake in Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after purchasing an additional 1,208 shares in the last quarter. Allworth Financial LP raised its holdings in Dutch Bros by 41.8% during the fourth 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 last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in Dutch Bros during the fourth quarter worth $146,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of research analyst reports. TD Cowen raised their price target on Dutch Bros from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Robert W. Baird upped their price target on shares of Dutch Bros from $33.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Bank of America lifted their price objective on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Wedbush increased their target price on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, Guggenheim boosted their price target on Dutch Bros from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.09.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the transaction, the insider now directly owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $36.02, for a total value of $592,601.04. Following the transaction, the insider now owns 634,543 shares in the company, valued at $22,856,238.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $977,402.70. Following the sale, the insider now owns 2,116,783 shares of the company’s stock, valued at $76,246,523.66. The disclosure for this sale can be found here. Insiders sold 1,228,068 shares of company stock valued at $44,765,154 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 0.0 %

NYSE BROS traded down $0.01 during trading hours on Wednesday, hitting $37.70. 4,708,569 shares of the company’s stock were exchanged, compared to its average volume of 2,490,354. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. The firm has a market capitalization of $6.68 billion, a P/E ratio of 209.44, a price-to-earnings-growth ratio of 4.71 and a beta of 2.53. The business’s 50 day moving average is $39.22 and its 200-day moving average is $33.73. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. The firm had revenue of $275.10 million during the quarter, compared to analyst estimates of $255.71 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. As a group, analysts anticipate that Dutch Bros Inc. will post 0.3 EPS for the current fiscal 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.