Bfsg LLC Raises Holdings in Dutch Bros Inc. (NYSE:BROS)

Bfsg LLC boosted its stake in Dutch Bros Inc. (NYSE:BROS) by 120,030.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,630 shares of the company’s stock after purchasing an additional 27,607 shares during the period. Bfsg LLC’s holdings in Dutch Bros were worth $1,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RiverPark Advisors LLC bought a new stake in shares of Dutch Bros in the second quarter worth about $165,000. Allspring Global Investments Holdings LLC increased its stake in shares of Dutch Bros by 239.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 837,216 shares of the company’s stock valued at $34,661,000 after buying an additional 590,719 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Dutch Bros by 8,247.3% during the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after acquiring an additional 1,068,352 shares in the last quarter. Calamos Advisors LLC purchased a new stake in Dutch Bros in the second quarter worth $837,000. Finally, Clear Creek Financial Management LLC purchased a new position in Dutch Bros during the 2nd quarter valued at $232,000. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of several research analyst reports. Barclays reduced their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 15th. TD Cowen dropped their price objective on shares of Dutch Bros from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus dropped their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average target price of $39.73.

Dutch Bros Stock Performance

NYSE BROS traded down $0.89 during trading hours on Thursday, hitting $30.33. The company’s stock had a trading volume of 3,224,427 shares, compared to its average volume of 2,759,401. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The company has a market cap of $5.37 billion, a P/E ratio of 168.50, a price-to-earnings-growth ratio of 4.71 and a beta of 2.53. The company’s 50 day simple moving average is $36.95 and its two-hundred day simple moving average is $34.15. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, sell-side analysts expect that Dutch Bros Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 624,116 shares of company stock valued at $19,730,335. Insiders own 46.50% of the company’s stock.

About Dutch Bros

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.