M&T Bank Corp Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

M&T Bank Corp purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,617 shares of the company’s stock, valued at approximately $436,000.

Other large investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the 2nd quarter worth $27,000. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management grew its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. Quest Partners LLC increased its stake in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 over the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Down 1.8 %

Dutch Bros stock opened at $52.98 on Wednesday. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 182.69, a PEG ratio of 3.89 and a beta of 2.72. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $43.68 and a two-hundred day moving average of $38.66. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $56.10.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the firm posted $0.08 EPS. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, research analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Finally, UBS Group boosted their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $50.36.

Dutch Bros Company 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.