Danica Pension Livsforsikringsaktieselskab Buys Shares of 662,638 Dutch Bros Inc. $BROS

Danica Pension Livsforsikringsaktieselskab purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 662,638 shares of the company’s stock, valued at approximately $33,569,000.

Several other large investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Dutch Bros during the 1st quarter worth about $318,000. Empowered Funds LLC lifted its holdings in Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Dutch Bros by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the period. California Public Employees Retirement System grew its holdings in Dutch Bros by 24.2% during the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares during the last quarter. Finally, State Street Corp grew its holdings in Dutch Bros by 6.6% during the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.3%

Shares of BROS stock opened at $66.07 on Wednesday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The firm’s fifty day simple moving average is $62.33 and its 200 day simple moving average is $57.34. The firm has a market capitalization of $11.54 billion, a P/E ratio of 103.24, a price-to-earnings-growth ratio of 2.01 and a beta of 2.31. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Finally, Oppenheimer upped their price target on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Insider Activity at Dutch Bros

In related news, CEO Christine Barone sold 42,031 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the transaction, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% 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 sold 4,086,245 shares of company stock worth $243,021,771. Company insiders own 38.90% of the company’s stock.

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.