Savoir Faire Capital Management L.P. Buys Shares of 30,000 Dutch Bros Inc. (NYSE:BROS)

Savoir Faire Capital Management L.P. bought a new stake in Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $1,242,000.

Other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the 1st quarter valued at approximately $41,988,000. Neuberger Berman Group LLC raised its position in shares of Dutch Bros by 17.7% in the 4th quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock valued at $879,000 after purchasing an additional 4,170 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at approximately $4,430,000. Janney Montgomery Scott LLC raised its position in shares of Dutch Bros by 96.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at approximately $200,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of BROS opened at $33.90 on Tuesday. The company has a market cap of $6.01 billion, a P/E ratio of 188.33, a PEG ratio of 2.70 and a beta of 2.49. The stock has a fifty day moving average price of $34.79 and a 200 day moving average price of $34.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data 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 return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. On average, research analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Barclays lowered their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, August 15th. Finally, Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the transaction, the insider now owns 507,700 shares of the company’s stock, valued at $17,266,877. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the sale, the insider now owns 507,700 shares in the company, valued at $17,266,877. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,110,662 shares of company stock valued at $35,502,058. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Company 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.