Vanguard Group Inc. Cuts Position in Dutch Bros Inc. (NYSE:BROS)

Vanguard Group Inc. lessened its holdings in Dutch Bros Inc. (NYSE:BROS) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,922,294 shares of the company’s stock after selling 262,220 shares during the period. Vanguard Group Inc. owned approximately 6.43% of Dutch Bros worth $612,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BROS. Envestnet Asset Management Inc. boosted its stake in shares of Dutch Bros by 6.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 126,116 shares of the company’s stock worth $6,606,000 after buying an additional 7,203 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Dutch Bros by 13.5% in the 4th quarter. Legal & General Group Plc now owns 114,448 shares of the company’s stock worth $5,995,000 after purchasing an additional 13,630 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after purchasing an additional 310 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Dutch Bros by 46.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,661 shares of the company’s stock worth $244,000 after purchasing an additional 1,476 shares during the period. Finally, Townsquare Capital LLC bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider directly owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman owned 1,940,245 shares of the company’s stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,465,214 shares of company stock worth $237,721,138. Insiders own 42.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research reports. CICC Research initiated coverage on shares of Dutch Bros in a report on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target on the stock. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th. Stifel Nicolaus lowered their price target on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Barclays lifted their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Robert W. Baird lifted their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and a consensus target price of $77.82.

Dutch Bros Trading Down 2.0%

Dutch Bros stock opened at $67.44 on Thursday. The stock has a market cap of $11.09 billion, a P/E ratio of 143.49, a PEG ratio of 4.37 and a beta of 2.63. Dutch Bros Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $86.88. The firm’s fifty day moving average price is $65.73 and its 200-day moving average price is $65.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal 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.