Blueshift Asset Management LLC Acquires 15,521 Shares of Dutch Bros Inc. $BROS

Blueshift Asset Management LLC lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 176.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,312 shares of the company’s stock after purchasing an additional 15,521 shares during the quarter. Blueshift Asset Management LLC’s holdings in Dutch Bros were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in Dutch Bros in the 1st quarter worth about $38,000. Kiker Wealth Management LLC boosted its holdings in shares of Dutch Bros by 4,423.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 575 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Dutch Bros in the first quarter worth approximately $54,000. AdvisorNet Financial Inc raised its holdings in shares of Dutch Bros by 100.0% during the second quarter. AdvisorNet Financial Inc now owns 1,000 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Dutch Bros by 644.9% during the first quarter. AlphaQuest LLC now owns 1,177 shares of the company’s stock valued at $73,000 after purchasing an additional 1,019 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Up 1.2%

BROS stock opened at $59.30 on Tuesday. The business’s 50-day moving average price is $54.33 and its 200-day moving average price is $62.13. The stock has a market cap of $9.76 billion, a P/E ratio of 118.60, a PEG ratio of 3.02 and a beta of 2.55. 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 twelve month low of $47.16 and a twelve month high of $86.88.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. Dutch Bros has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16. Following the completion of the transaction, the insider owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 98.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 99.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. 42.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Wells Fargo & Company dropped their price target on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. TD Cowen reiterated a “buy” rating and set a $70.00 price objective on shares of Dutch Bros in a research report on Monday. Barclays increased their target price on Dutch Bros from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, UBS Group restated a “buy” rating and set a $85.00 price target on shares of Dutch Bros in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.83.

About Dutch Bros

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.