Bridges Investment Management Inc. Takes Position in Dutch Bros Inc. $BROS

Bridges Investment Management Inc. bought a new position in Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to its most recent filing with the SEC. The firm bought 3,335 shares of the company’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Dutch Bros in the first quarter worth $31,000. Banque Transatlantique SA acquired a new position in shares of Dutch Bros in the 1st quarter valued at $38,000. Kiker Wealth Management LLC raised its stake in Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after acquiring an additional 575 shares during the last quarter. GAMMA Investing LLC grew its stake in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock valued at $51,000 after purchasing an additional 378 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new stake in Dutch Bros during the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction on 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 transaction, the chairman directly owned 975,031 shares of the company’s stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research reports. TD Cowen reaffirmed a “buy” rating and set a $86.00 target price on shares of Dutch Bros in a report on Tuesday, August 19th. The Goldman Sachs Group decreased their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Barclays upped their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 target price on shares of Dutch Bros in a report on Wednesday, September 24th. Finally, Wells Fargo & Company lowered their price target on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.29.

Dutch Bros Price Performance

NYSE:BROS opened at $54.84 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a 50 day moving average price of $60.63 and a 200-day moving average price of $63.07. Dutch Bros Inc. has a 1-year low of $32.68 and a 1-year high of $86.88. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 116.69, a price-to-earnings-growth ratio of 3.01 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.