DekaBank Deutsche Girozentrale Acquires Shares of 1,249 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 SEC. The institutional investor acquired 1,249 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of Dutch Bros by 28.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after acquiring an additional 350 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Dutch Bros by 61.4% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after acquiring an additional 415 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Dutch Bros by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,235 shares of the company’s stock valued at $462,000 after acquiring an additional 488 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Dutch Bros by 87.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $35,000 after acquiring an additional 521 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on BROS shares. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Guggenheim reissued a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, TD Cowen reissued a “hold” rating and issued a $33.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $34.44.

Insider Activity at Dutch Bros

In related news, 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 transaction of $11,362,897.00. Following the transaction, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, 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 transaction of $11,362,897.00. Following the transaction, the chairman now directly owns 1,378,683 shares of the company’s stock, valued at $38,685,844.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 202,503 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 transaction of $5,682,234.18. Following the transaction, the insider 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 valued at $561,438,392 over the last ninety days. 46.50% of the stock is owned by company insiders.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $30.59 on Thursday. The firm has a market cap of $5.42 billion, a PE ratio of 1,019.67 and a beta of 2.41. The firm’s 50 day simple moving average is $30.98 and its 200-day simple moving average is $28.78. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $36.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. As a group, equities analysts predict that Dutch Bros Inc. will post 0.26 EPS for the current year.

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.