Vanguard Personalized Indexing Management LLC Invests $243,000 in Dutch Bros Inc. $BROS

Vanguard Personalized Indexing Management LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,547 shares of the company’s stock, valued at approximately $243,000.

Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dutch Bros during the 1st quarter worth about $31,000. Banque Transatlantique SA bought a new stake in shares of Dutch Bros during the 1st quarter worth about $38,000. GAMMA Investing LLC boosted its stake in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of Dutch Bros during the 1st quarter worth about $54,000. Finally, Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 over the last 90 days. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $56.98 on Friday. The business has a fifty day simple moving average of $59.73 and a 200 day simple moving average of $63.12. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 121.24, a PEG ratio of 3.14 and a beta of 2.55. Dutch Bros Inc. has a one year low of $32.68 and a one year high of $86.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

BROS has been the subject of several recent analyst reports. Guggenheim upped their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company decreased their target price on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday. UBS Group increased their target price on Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley increased their target price on Dutch Bros from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.82.

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.