DekaBank Deutsche Girozentrale Acquires New Stake in Dutch Bros Inc. (NYSE:BROS)

DekaBank Deutsche Girozentrale acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,249 shares of the company’s stock, valued at approximately $40,000.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after buying an additional 471 shares during the period. International Assets Investment Management LLC bought a new stake in Dutch Bros during the fourth quarter valued at $763,000. Arizona State Retirement System boosted its stake in Dutch Bros by 33.8% during the fourth quarter. Arizona State Retirement System now owns 15,654 shares of the company’s stock valued at $496,000 after buying an additional 3,952 shares during the period. WoodTrust Financial Corp bought a new stake in Dutch Bros during the fourth quarter valued at $271,000. Finally, Fenimore Asset Management Inc. bought a new stake in Dutch Bros during the fourth quarter worth about $13,610,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 3.6 %

BROS opened at $30.59 on Thursday. The company has a market cap of $5.42 billion, a P/E ratio of 1,019.67 and a beta of 2.41. The business’s 50-day moving average price is $30.98 and its 200-day moving average price is $28.78. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $36.17.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. On average, equities analysts expect that Dutch Bros Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BROS shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research note on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $37.00 price target on shares of Dutch Bros in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 404,950 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 404,950 shares of Dutch Bros stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the sale, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 in the last 90 days. Company insiders own 46.50% of the company’s stock.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.