Allspring Global Investments Holdings LLC Trims Holdings in Dutch Bros Inc. (NYSE:BROS)

Allspring Global Investments Holdings LLC lessened its stake in Dutch Bros Inc. (NYSE:BROS) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,721 shares of the company’s stock after selling 47,168 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Dutch Bros worth $5,692,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 130.5% in the 1st quarter. Bank of New York Mellon Corp now owns 62,839 shares of the company’s stock worth $3,474,000 after purchasing an additional 35,574 shares during the last quarter. HighTower Advisors LLC grew its stake in Dutch Bros by 7.9% in the first quarter. HighTower Advisors LLC now owns 8,894 shares of the company’s stock worth $493,000 after purchasing an additional 651 shares in the last quarter. Blair William & Co. IL increased its holdings in Dutch Bros by 422.9% in the first quarter. Blair William & Co. IL now owns 182,592 shares of the company’s stock valued at $10,092,000 after buying an additional 147,673 shares during the last quarter. Sei Investments Co. acquired a new stake in Dutch Bros during the first quarter valued at approximately $943,000. Finally, Cetera Investment Advisers raised its stake in Dutch Bros by 96.3% during the first quarter. Cetera Investment Advisers now owns 9,354 shares of the company’s stock valued at $517,000 after buying an additional 4,590 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the completion of the sale, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 in the last three months. 46.50% of the stock is owned by company insiders.

Dutch Bros Stock Down 1.4 %

Dutch Bros stock opened at $30.16 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $36.17. The company has a 50-day simple moving average of $31.06 and a 200-day simple moving average of $28.79. The firm has a market capitalization of $5.34 billion, a P/E ratio of 1,005.33 and a beta of 2.41.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $37.00 price target on shares of Dutch Bros in a report on Wednesday, April 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a report on Wednesday, April 3rd. TD Cowen reissued a “hold” rating and set a $33.00 target price on shares of Dutch Bros in a report on Wednesday, April 10th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, Guggenheim reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.44.

Dutch Bros Company 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.