Interval Partners LP purchased a new position in Dutch Bros Inc. (NYSE:BROS – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 935,574 shares of the company’s stock, valued at approximately $57,276,000. Dutch Bros comprises 1.0% of Interval Partners LP’s portfolio, making the stock its 18th biggest holding. Interval Partners LP owned approximately 0.57% of Dutch Bros as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of BROS. Integrated Wealth Concepts LLC acquired a new position in shares of Dutch Bros in the first quarter worth $318,000. Empowered Funds LLC increased its stake in shares of Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after acquiring an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after acquiring an additional 22,323 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after acquiring an additional 38,697 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after acquiring an additional 121,683 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.
Dutch Bros Trading Down 0.5%
Shares of NYSE:BROS opened at $65.72 on Thursday. The stock has a market capitalization of $11.48 billion, a PE ratio of 102.68, a P/E/G ratio of 2.14 and a beta of 2.36. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The firm has a fifty day moving average price of $55.78 and a 200 day moving average price of $56.25. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.
Insider Buying and Selling at Dutch Bros
In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 23.73% 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. Insiders sold 4,086,245 shares of company stock worth $243,021,771 over the last ninety days. Company insiders own 38.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Dutch Bros in a research note on Friday, May 1st. They issued an “outperform” rating and a $72.00 price target on the stock. Wolfe Research initiated coverage on shares of Dutch Bros in a report on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective for the company. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a report on Thursday, May 7th. Finally, Barclays decreased their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.
View Our Latest Analysis on Dutch Bros
Dutch Bros 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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