Principal Financial Group Inc. Has $31.15 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Principal Financial Group Inc. boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 6,192.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,482 shares of the company’s stock after purchasing an additional 740,524 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of Dutch Bros worth $31,153,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BROS. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the 1st quarter worth approximately $26,000. RiverPark Advisors LLC purchased a new position in shares of Dutch Bros during the second quarter valued at approximately $165,000. GPS Wealth Strategies Group LLC boosted its position in shares of Dutch Bros by 33.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 4,330 shares of the company’s stock valued at $179,000 after buying an additional 1,080 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in Dutch Bros during the fourth quarter worth $146,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Dutch Bros in the 1st quarter valued at $155,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BROS shares. TD Cowen reduced their target price on shares of Dutch Bros from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, Barclays decreased their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the sale, the insider now directly owns 432,518 shares in the company, valued at approximately $13,849,226.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total value of $919,294.20. Following the sale, the insider now owns 432,518 shares in the company, valued at $13,849,226.36. The disclosure for this sale can be found here. Insiders sold 624,116 shares of company stock worth $19,730,335 over the last quarter. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $31.00 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $36.79 and a two-hundred day simple moving average of $34.28. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $43.49. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 172.22, a price-to-earnings-growth ratio of 2.54 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Analysts anticipate that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

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.