Orca Investment Management LLC Makes New Investment in Dutch Bros Inc. $BROS

Orca Investment Management LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 16,866 shares of the company’s stock, valued at approximately $1,211,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hyperion Asset Management Ltd purchased a new position in Dutch Bros in the second quarter valued at about $42,946,000. Engineers Gate Manager LP raised its holdings in Dutch Bros by 59.6% in the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock worth $31,438,000 after purchasing an additional 191,734 shares in the last quarter. M&T Bank Corp lifted its position in shares of Dutch Bros by 1,559.3% during the fourth quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after buying an additional 91,468 shares during the last quarter. 1492 Capital Management LLC purchased a new stake in shares of Dutch Bros during the fourth quarter valued at about $1,192,000. Finally, Independent Financial Group LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $1,164,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 1.7%

Dutch Bros stock opened at $51.99 on Friday. The firm has a market cap of $9.08 billion, a PE ratio of 72.21, a P/E/G ratio of 1.86 and a beta of 2.32. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65. The stock’s 50 day simple moving average is $64.30 and its two-hundred day simple moving average is $57.11. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 32.5% on a year-over-year basis. Analysts anticipate that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the sale, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $2,527,324.03. Following the completion of the transaction, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at $2,680,174.49. The trade was a 48.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research report on Friday, July 17th. Royal Bank Of Canada decreased their target price on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Stephens restated an “overweight” rating and issued a $80.00 target price on shares of Dutch Bros in a research note on Thursday, August 6th. Finally, DA Davidson cut their price target on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $77.15.

Dutch Bros 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.