Dimensional Fund Advisors LP boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS – Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,204,326 shares of the company’s stock after buying an additional 37,683 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Dutch Bros were worth $60,994,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BROS. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the second quarter worth about $27,000. Brown Lisle Cummings Inc. bought a new position in shares of Dutch Bros during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Ankerstar Wealth LLC purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $31,000. Finally, Quarry LP raised its holdings in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Dutch Bros Trading Up 0.7%
Shares of BROS stock opened at $65.86 on Friday. The company’s fifty day simple moving average is $64.41 and its two-hundred day simple moving average is $57.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 102.91, a PEG ratio of 1.99 and a beta of 2.31.
Analysts Set New Price Targets
Several equities analysts recently commented on BROS shares. TD Cowen reiterated a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a research note on Wednesday, June 10th. Stephens began coverage on Dutch Bros in a research note on Thursday, July 16th. They issued an “overweight” rating and a $80.00 target price on the stock. DA Davidson upped their price target on Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Barclays cut their price target on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Freedom Capital raised Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.
View Our Latest Research Report on Dutch Bros
Insider Buying and Selling
In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the sale, the chief executive officer owned 44,573 shares in the company, valued at approximately $2,680,174.49. This represents a 48.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. Corporate insiders own 38.90% of the company’s stock.
About Dutch Bros
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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