Fortitude Family Office LLC Takes $41,000 Position in Dutch Bros Inc. (NYSE:BROS)

Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 775 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. Jamison Private Wealth Management Inc. raised its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the last quarter. Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the 3rd quarter worth $36,000. Finally, nVerses Capital LLC purchased a new position in Dutch Bros in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler raised their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird raised Dutch Bros from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $70.00 in a research report on Monday, January 6th. Wedbush increased their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $57.18.

Dutch Bros Trading Up 2.2 %

Shares of Dutch Bros stock opened at $57.42 on Friday. The stock has a market cap of $8.85 billion, a P/E ratio of 198.01, a P/E/G ratio of 3.89 and a beta of 2.71. The stock’s 50 day simple moving average is $51.04 and its 200-day simple moving average is $40.67. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $59.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the sale, the chairman now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. The trade was a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,698 shares of company stock worth $19,040,697. Insiders own 46.50% of the company’s stock.

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.