Geneos Wealth Management Inc. Sells 1,090 Shares of Dutch Bros Inc. (NYSE:BROS)

Geneos Wealth Management Inc. trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,975 shares of the company’s stock after selling 1,090 shares during the period. Geneos Wealth Management Inc.’s holdings in Dutch Bros were worth $63,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its stake in shares of Dutch Bros by 61.4% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after purchasing an additional 415 shares during the period. Captrust Financial Advisors grew its stake in shares of Dutch Bros by 87.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $35,000 after purchasing an additional 521 shares during the period. Deutsche Bank AG bought a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $36,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $40,000. Finally, Clear Street Markets LLC bought a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $41,000. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays lowered their price objective on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. TD Cowen reiterated a “hold” rating and issued a $33.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 10th. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Guggenheim restated a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.44.

Dutch Bros Stock Down 0.4 %

NYSE:BROS opened at $31.72 on Wednesday. The stock’s fifty day moving average price is $30.89 and its two-hundred day moving average price is $28.76. Dutch Bros Inc. has a 52-week low of $22.67 and a 52-week high of $36.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 1,057.33 and a beta of 2.41.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The firm had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. On average, analysts anticipate that Dutch Bros Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the transaction, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the transaction, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the transaction, the chairman now directly owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. 46.50% of the stock is currently owned by corporate insiders.

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.