TCG Advisory Services LLC Purchases Shares of 28,950 Dutch Bros Inc. (NYSE:BROS)

TCG Advisory Services LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,950 shares of the company’s stock, valued at approximately $917,000.

Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Dutch Bros by 13.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,710 shares of the company’s stock worth $1,086,000 after acquiring an additional 5,406 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Dutch Bros by 27.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company’s stock worth $720,000 after acquiring an additional 6,681 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dutch Bros by 50.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,381 shares of the company’s stock worth $218,000 after acquiring an additional 3,154 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Dutch Bros by 31.5% in the 3rd quarter. Inspire Advisors LLC now owns 14,635 shares of the company’s stock worth $340,000 after acquiring an additional 3,507 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Dutch Bros by 59.7% in the 3rd quarter. TD Asset Management Inc now owns 23,778 shares of the company’s stock worth $553,000 after acquiring an additional 8,890 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the transaction, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the transaction, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The disclosure for this sale can be found here. Insiders sold 17,907,188 shares of company stock valued at $561,438,392 over the last quarter. Insiders own 46.50% of the company’s stock.

Dutch Bros Stock Up 1.3 %

BROS traded up $0.34 during trading on Friday, reaching $27.29. 1,901,157 shares of the stock traded hands, compared to its average volume of 1,691,881. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 909.67, a price-to-earnings-growth ratio of 4.25 and a beta of 2.43. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $36.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The stock’s 50-day simple moving average is $31.25 and its two-hundred day simple moving average is $29.08.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent research reports. Barclays decreased their target price on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Wedbush reiterated an “outperform” rating and set a $37.00 price target on shares of Dutch Bros in a report on Wednesday, April 10th. Guggenheim reiterated a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $37.00 in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.44.

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.