Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP grew its stake in Dutch Bros Inc. (NYSE:BROS) by 232.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,128,281 shares of the company’s stock after purchasing an additional 2,885,306 shares during the quarter. Wasatch Advisors LP owned approximately 2.68% of Dutch Bros worth $132,229,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BROS. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. Renaissance Technologies LLC acquired a new stake in Dutch Bros during the second quarter worth about $57,435,000. Concurrent Investment Advisors LLC raised its stake in Dutch Bros by 846.7% during the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after acquiring an additional 1,109,370 shares during the period. Bank of New York Mellon Corp raised its stake in 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 worth $44,766,000 after acquiring an additional 1,068,352 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after acquiring an additional 741,771 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BROS. Stifel Nicolaus increased their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wedbush raised their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the sale, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,065,467 shares of company stock worth $35,434,372 over the last three months. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 1.1 %

Dutch Bros stock opened at $53.76 on Friday. The firm has a 50 day simple moving average of $39.08 and a 200-day simple moving average of $37.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a market capitalization of $8.29 billion, a PE ratio of 185.39, a price-to-earnings-growth ratio of 3.91 and a beta of 2.47. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $54.59.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

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.