GPS Wealth Strategies Group LLC Has $179,000 Stake in Dutch Bros Inc. (NYSE:BROS)

GPS Wealth Strategies Group LLC boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 33.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,330 shares of the company’s stock after purchasing an additional 1,080 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Dutch Bros were worth $179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BROS. Arizona State Retirement System increased its holdings in shares of Dutch Bros by 33.8% during the 4th quarter. Arizona State Retirement System now owns 15,654 shares of the company’s stock valued at $496,000 after acquiring an additional 3,952 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Dutch Bros during the fourth quarter valued at approximately $763,000. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $40,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Dutch Bros by 16.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,433 shares of the company’s stock worth $805,000 after buying an additional 3,637 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dutch Bros by 22.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,481 shares of the company’s stock worth $364,000 after buying an additional 2,100 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $2.10 during midday trading on Thursday, reaching $32.33. 2,548,355 shares of the company traded hands, compared to its average volume of 2,714,666. The stock’s 50-day simple moving average is $38.60 and its 200-day simple moving average is $33.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49. The firm has a market cap of $5.73 billion, a PE ratio of 167.89, a PEG ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. As a group, equities analysts anticipate that Dutch Bros Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Bank of America increased their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.82.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 334,069 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.85, for a total value of $12,310,442.65. Following the transaction, the chairman now owns 871,764 shares of the company’s stock, valued at $32,124,503.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 334,069 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $36.85, for a total value of $12,310,442.65. Following the completion of the transaction, the chairman now directly owns 871,764 shares of the company’s stock, valued at $32,124,503.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $6,138,988.90. Following the transaction, the insider now owns 1,616,308 shares in the company, valued at $59,560,949.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,146,574 shares of company stock worth $41,829,740. 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.