Calamos Advisors LLC Has $3.37 Million Position in Dutch Bros Inc. $BROS

Calamos Advisors LLC lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 739.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,220 shares of the company’s stock after acquiring an additional 43,354 shares during the period. Calamos Advisors LLC’s holdings in Dutch Bros were worth $3,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the first quarter worth approximately $31,000. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros during the 1st quarter worth approximately $38,000. Kiker Wealth Management LLC grew its position in shares of Dutch Bros by 4,423.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after buying an additional 575 shares during the period. Stone House Investment Management LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at $54,000. Finally, Hollencrest Capital Management lifted its position in shares of Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock valued at $68,000 after acquiring an additional 192 shares during the period. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BROS. Guggenheim raised their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Barclays raised their target price on Dutch Bros from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Morgan Stanley set a $84.00 price target on Dutch Bros in a research note on Thursday, November 6th. Zacks Research raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average target price of $76.72.

Dutch Bros Stock Performance

Shares of BROS opened at $55.12 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52. The stock has a 50 day moving average price of $56.06 and a two-hundred day moving average price of $62.91. The firm has a market capitalization of $9.07 billion, a P/E ratio of 110.24, a P/E/G ratio of 2.97 and a beta of 2.56. Dutch Bros Inc. has a 52 week low of $45.99 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The company had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Dutch Bros’s quarterly revenue was up 25.3% on a year-over-year basis. Dutch Bros has set its FY 2025 guidance at EPS. Equities analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the sale, the chairman owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Company insiders own 42.40% of the company’s stock.

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.