Wasatch Advisors LP Raises Stock Holdings in Dutch Bros Inc. $BROS

Wasatch Advisors LP raised its stake in Dutch Bros Inc. (NYSE:BROS) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 881,805 shares of the company’s stock after buying an additional 56,891 shares during the quarter. Wasatch Advisors LP’s holdings in Dutch Bros were worth $44,672,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BROS. Osterweis Capital Management Inc. acquired a new stake in shares of Dutch Bros during the second quarter valued at about $27,000. Rakuten Securities Inc. raised its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Ankerstar Wealth LLC acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its position in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS opened at $71.86 on Friday. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The firm’s 50 day moving average price is $57.86 and its 200 day moving average price is $56.72. The company has a market cap of $12.55 billion, a P/E ratio of 112.28, a PEG ratio of 2.15 and a beta of 2.36. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. On average, research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BROS. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th. UBS Group restated a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research note on Thursday, May 7th. Piper Sandler boosted their price objective on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, Barclays decreased their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This trade represents a 48.53% 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. Over the last 90 days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by company insiders.

About Dutch Bros

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.