Amalgamated Bank Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

Amalgamated Bank purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,478 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP acquired a new position in Dutch Bros in the first quarter valued at about $41,988,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $4,430,000. Janney Montgomery Scott LLC boosted its position in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after purchasing an additional 13,395 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dutch Bros during the 1st quarter worth approximately $200,000. Finally, Ghisallo Capital Management LLC increased its holdings in Dutch Bros by 30.5% in the 4th quarter. Ghisallo Capital Management LLC now owns 350,000 shares of the company’s stock valued at $11,084,000 after purchasing an additional 81,846 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 1.3 %

Shares of Dutch Bros stock opened at $32.03 on Tuesday. Dutch Bros Inc. has a 52-week low of $22.85 and a 52-week high of $43.49. The company has a 50 day moving average of $33.46 and a 200 day moving average of $34.77. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.68 billion, a P/E ratio of 177.94, a P/E/G ratio of 2.84 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. As a group, research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

BROS has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Robert W. Baird lowered their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus dropped their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. 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. Finally, Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Travis Boersma sold 18,223 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now owns 263,954 shares of the company’s stock, valued at $9,008,750.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following 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. In the last 90 days, insiders have sold 1,128,885 shares of company stock worth $36,124,009. 46.50% of the stock is currently owned by insiders.

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.