US Bancorp DE Boosts Stake in Dutch Bros Inc. (NYSE:BROS)

US Bancorp DE boosted its stake in Dutch Bros Inc. (NYSE:BROS) by 8.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,224 shares of the company’s stock after purchasing an additional 922 shares during the period. US Bancorp DE’s holdings in Dutch Bros were worth $360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Transcendent Capital Group LLC acquired a new position in Dutch Bros during the 1st quarter worth $26,000. Jamison Private Wealth Management Inc. raised its position in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Abound Wealth Management acquired a new stake in Dutch Bros in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wedbush raised their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Barclays raised their price target on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price objective on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.80.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $48.78 on Wednesday. The stock has a market cap of $7.52 billion, a P/E ratio of 168.21, a P/E/G ratio of 5.20 and a beta of 2.47. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $50.24. The stock has a 50 day moving average of $34.56 and a two-hundred day moving average of $35.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.58%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, research analysts forecast that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,689,583 shares of company stock worth $55,164,707. Company insiders own 46.50% of the company’s stock.

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.