Savoir Faire Capital Management L.P. Buys 25,935 Shares of Dutch Bros Inc. $BROS

Savoir Faire Capital Management L.P. raised its stake in Dutch Bros Inc. (NYSE:BROS) by 29.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,783 shares of the company’s stock after purchasing an additional 25,935 shares during the quarter. Dutch Bros makes up about 2.1% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 21st biggest holding. Savoir Faire Capital Management L.P. owned 0.07% of Dutch Bros worth $5,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BROS. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. raised its position in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares in the last quarter. Kiker Wealth Management LLC lifted its stake in Dutch Bros by 4,423.1% in the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 575 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Dutch Bros by 31.5% in the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Finally, Covestor Ltd grew its position in shares of Dutch Bros by 24.6% in the 3rd quarter. Covestor Ltd now owns 1,442 shares of the company’s stock valued at $75,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Buying and Selling

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

Dutch Bros Stock Up 0.6%

BROS stock opened at $60.99 on Monday. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. 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 stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 121.99, a PEG ratio of 2.40 and a beta of 2.55. The business’s fifty day moving average price is $60.34 and its two-hundred day moving average price is $60.06.

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

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Zacks Research lowered Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Tuesday, December 16th. Stifel Nicolaus decreased their target price on Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Evercore ISI set a $73.00 price target on Dutch Bros in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.95.

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.