Polianta Ltd Purchases New Holdings in Dutch Bros Inc. $BROS

Polianta Ltd acquired 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 SEC. The fund acquired 24,300 shares of the company’s stock, valued at approximately $1,271,000.

Other hedge funds have also recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros during the second quarter worth $27,000. Rakuten Securities Inc. increased its position in Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the period. Banque Transatlantique SA acquired a new position in Dutch Bros during the 1st quarter valued at about $38,000. Kiker Wealth Management LLC boosted its stake in shares of Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after buying an additional 205 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Up 0.7%

Shares of Dutch Bros stock opened at $63.95 on Friday. The company has a market capitalization of $10.52 billion, a P/E ratio of 127.89, a price-to-earnings-growth ratio of 3.27 and a beta of 2.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. The business has a 50-day moving average of $57.89 and a two-hundred day moving average of $61.17. Dutch Bros Inc. has a 1 year low of $47.16 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $423.58 million during the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.Dutch Bros’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the sale, the insider directly owned 9,817 shares in the company, valued at $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares in the company, valued at $544,254.48. This represents a 99.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,465,214 shares of company stock valued at $189,800,291 in the last three months. 42.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company cut their price target on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. KeyCorp assumed coverage on Dutch Bros in a report on Tuesday, December 16th. They issued an “overweight” rating and a $77.00 price objective for the company. Royal Bank Of Canada increased their target price on Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Mizuho boosted their target price on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average target price of $76.68.

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.