AGF Management Ltd. Purchases New Shares in Dutch Bros Inc. $BROS

AGF Management Ltd. acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 90,869 shares of the company’s stock, valued at approximately $6,213,000. AGF Management Ltd. owned 0.06% of Dutch Bros as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Fox Run Management L.L.C. boosted its holdings in Dutch Bros by 3.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 14,711 shares of the company’s stock valued at $1,006,000 after acquiring an additional 497 shares during the period. Wedbush Securities Inc. increased its holdings in Dutch Bros by 9.4% during the second quarter. Wedbush Securities Inc. now owns 16,945 shares of the company’s stock valued at $1,159,000 after buying an additional 1,456 shares during the period. ROI Financial Advisors LLC purchased a new position in shares of Dutch Bros in the 2nd quarter valued at $292,000. EFG Asset Management North America Corp. raised its holdings in Dutch Bros by 0.6% in the second quarter. EFG Asset Management North America Corp. now owns 46,080 shares of the company’s stock worth $3,149,000 after purchasing an additional 253 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Dutch Bros in the 2nd quarter valued at about $76,000. Institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the 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 of the company’s stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 1,250,371 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were 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 owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 49.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,161,101 shares of company stock worth $207,633,882. Company insiders own 42.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BROS. TD Cowen restated a “buy” rating and set a $86.00 target price on shares of Dutch Bros in a research note on Tuesday, August 19th. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th. Piper Sandler decreased their price target on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank Of Canada lowered their price objective on Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $76.72.

Dutch Bros Stock Up 0.3%

Shares of NYSE BROS opened at $53.36 on Monday. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 106.71, a price-to-earnings-growth ratio of 2.73 and a beta of 2.56. The company’s 50-day simple moving average is $57.31 and its 200-day simple moving average is $63.09. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 52-week low of $43.62 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Dutch Bros has set its FY 2025 guidance at EPS. Equities analysts predict that Dutch Bros Inc. will post 0.57 EPS 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.