Riverbridge Partners LLC trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS – Free Report) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,731 shares of the company’s stock after selling 62,897 shares during the quarter. Riverbridge Partners LLC’s holdings in Dutch Bros were worth $9,822,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lido Advisors LLC purchased a new position in Dutch Bros during the third quarter worth about $803,000. D.B. Root & Company LLC lifted its position in Dutch Bros by 43.7% in the third quarter. D.B. Root & Company LLC now owns 12,053 shares of the company’s stock valued at $465,000 after purchasing an additional 3,666 shares during the period. New York Life Investment Management LLC purchased a new stake in Dutch Bros in the 3rd quarter valued at approximately $751,000. AlphaCore Capital LLC boosted its holdings in Dutch Bros by 48.1% in the 3rd quarter. AlphaCore Capital LLC now owns 16,419 shares of the company’s stock valued at $633,000 after purchasing an additional 5,331 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Dutch Bros by 1.3% in the 3rd quarter. Retirement Systems of Alabama now owns 133,742 shares of the company’s stock valued at $5,157,000 after purchasing an additional 1,777 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.
More Dutch Bros News
Here are the key news stories impacting Dutch Bros this week:
- Positive Sentiment: Dutch Bros is reported to be preparing for substantial store growth, with an article citing 250 planned openings. A larger footprint could support future sales, though the timing and financial contribution were not detailed in the headline. Article: Dutch Bros set to open 250 locations
- Positive Sentiment: Stifel Nicolaus initiated coverage with a Buy rating and a $48 price target, while a separate Zacks article highlighted analysts’ favorable view of BROS. Positive analyst sentiment may help support the stock. Article: Stifel Nicolaus coverage Article: Analyst view of Dutch Bros
- Neutral Sentiment: The company is promoting a limited-time Pink Majesty Rebel drink and related merchandise for National Passenger Princess Day. The campaign could boost customer engagement, but the reports provide no indication of its expected sales impact. Article: Passenger Princess Day promotion
- Negative Sentiment: Competition may be intensifying: rival 7 Brew is adding food to its offering, potentially broadening its appeal against Dutch Bros and Starbucks. Article: 7 Brew adds food
- Negative Sentiment: Citigroup trimmed its price target on Dutch Bros, a potentially negative signal for sentiment; the supplied report does not specify the revised target. Article: Citigroup price-target trim
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Melius Research dropped their target price on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, September 18th. Citigroup reduced their price target on Dutch Bros from $69.00 to $64.00 and set a “buy” rating for the company in a report on Friday, November 6th. TD Cowen reduced their price target on Dutch Bros from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Mizuho set a $55.00 price target on Dutch Bros in a research note on Thursday, November 5th. Finally, Jefferies Financial Group dropped their price objective on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.08.
Check Out Our Latest Analysis on BROS
Insider Activity
In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $16,070,773.32. Following the completion of the transaction, the insider directly owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. This trade represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the transaction, the chairman directly owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. This trade represents a 43.03% decrease in their ownership of the stock. 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. Insiders have sold 4,044,220 shares of company stock worth $179,732,644 over the last 90 days. 38.90% of the stock is currently owned by company insiders.
Dutch Bros Stock Performance
Shares of BROS opened at $35.22 on Wednesday. The company has a 50-day simple moving average of $40.89 and a 200-day simple moving average of $52.63. The company has a quick ratio of 0.88, a current ratio of 1.03 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.15 billion, a PE ratio of 48.01, a P/E/G ratio of 1.14 and a beta of 1.97. Dutch Bros Inc. has a 52-week low of $33.17 and a 52-week high of $74.02.
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a net margin of 5.08% and a return on equity of 10.46%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. Equities research analysts predict that Dutch Bros Inc. will post 0.86 earnings per share for the current fiscal year.
Dutch Bros Company Profile
Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.
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