Engineers Gate Manager LP Purchases 191,734 Shares of Dutch Bros Inc. $BROS

Engineers Gate Manager LP grew its position in shares of Dutch Bros Inc. (NYSE:BROSFree Report) by 59.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 513,525 shares of the company’s stock after acquiring an additional 191,734 shares during the quarter. Engineers Gate Manager LP’s holdings in Dutch Bros were worth $31,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BROS. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the 2nd quarter valued at $27,000. Rakuten Securities Inc. lifted its holdings in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after buying an additional 379 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Dutch Bros during the 4th quarter valued at $31,000. Ankerstar Wealth LLC bought a new position in shares of Dutch Bros during the 4th quarter valued at $31,000. Finally, Quarry LP lifted its holdings in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after buying an additional 273 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $65.72 on Thursday. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The stock’s fifty day moving average is $55.78 and its 200 day moving average is $56.25. The stock has a market cap of $11.48 billion, a P/E ratio of 102.68, a P/E/G ratio of 2.14 and a beta of 2.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROSGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. During the same period last year, the firm earned $0.14 EPS. Dutch Bros’s revenue for the quarter was up 30.7% compared to the same quarter last year. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BROS shares. Morgan Stanley reissued an “overweight” rating and set a $87.00 price target on shares of Dutch Bros in a report on Thursday, May 7th. Oppenheimer initiated coverage on Dutch Bros in a report on Friday, May 1st. They issued an “outperform” rating and a $72.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. BNP Paribas Exane initiated coverage on Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price on the stock. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.00.

Check Out Our Latest Stock Report on Dutch Bros

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, CEO Christine Barone sold 42,031 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the sale, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the sale, the insider directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,086,245 shares of company stock valued at $243,021,771 over the last ninety days. 38.90% of the stock is currently owned by company insiders.

About Dutch Bros

(Free Report)

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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