Wasatch Advisors LP lifted its stake in Dutch Bros Inc. (NYSE:BROS – Free Report) by 17.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,903 shares of the company’s stock after purchasing an additional 157,098 shares during the period. Wasatch Advisors LP’s holdings in Dutch Bros were worth $74,604,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new stake in shares of Dutch Bros in the 2nd quarter valued at $27,000. Rakuten Securities Inc. lifted its stake in shares of Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Ankerstar Wealth LLC bought a new position in Dutch Bros in the fourth quarter valued at about $31,000. Quarry LP boosted its holdings in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Dutch Bros by 129.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $39,000 after purchasing an additional 358 shares during the period. Institutional investors own 85.54% of the company’s stock.
Dutch Bros Trading Down 3.4%
Shares of NYSE BROS opened at $49.55 on Wednesday. The company’s fifty day moving average is $64.58 and its 200-day moving average is $57.29. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 68.82, a P/E/G ratio of 1.89 and a beta of 2.32. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.
Analyst Ratings Changes
Several brokerages have weighed in on BROS. Piper Sandler boosted their price objective on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. TD Cowen reaffirmed a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, June 10th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research report on Tuesday, July 28th. DA Davidson dropped their price target on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Barclays cut their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $77.15.
Check Out Our Latest Research Report on BROS
Insider Activity
In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the sale, the chairman directly owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale 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 stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,086,245 shares of company stock worth $243,021,771. Corporate insiders own 38.90% of the company’s stock.
Dutch Bros Company Profile
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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