Baird Financial Group Inc. Has $49.44 Million Stake in Dutch Bros Inc. $BROS

Baird Financial Group Inc. lowered its position in Dutch Bros Inc. (NYSE:BROS) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 723,100 shares of the company’s stock after selling 24,412 shares during the period. Baird Financial Group Inc. owned 0.44% of Dutch Bros worth $49,438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BROS. Wedmont Private Capital lifted its stake in Dutch Bros by 3.0% in the second quarter. Wedmont Private Capital now owns 5,473 shares of the company’s stock valued at $363,000 after acquiring an additional 158 shares during the last quarter. RiverPark Advisors LLC increased its stake in shares of Dutch Bros by 4.8% during the 2nd quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after purchasing an additional 181 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Dutch Bros by 0.6% during the 2nd quarter. EFG Asset Management North America Corp. now owns 46,080 shares of the company’s stock valued at $3,149,000 after purchasing an additional 253 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Dutch Bros by 6.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after purchasing an additional 278 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Dutch Bros by 8.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,591 shares of the company’s stock valued at $314,000 after purchasing an additional 346 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 0.6%

Shares of BROS stock opened at $60.83 on Friday. Dutch Bros Inc. has a 12 month low of $47.16 and a 12 month high of $86.88. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.01 billion, a PE ratio of 121.66, a price-to-earnings-growth ratio of 3.16 and a beta of 2.55. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $62.01.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. Dutch Bros’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on BROS shares. TD Cowen reissued a “buy” rating and set a $70.00 target price on shares of Dutch Bros in a research report on Monday. Stifel Nicolaus reduced their price target on Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. 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. Zacks Research lowered Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, The Goldman Sachs Group cut their price objective on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction dated 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 sale, the insider owned 9,817 shares in the company, valued at approximately $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction dated 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 sale, the chairman directly owned 9,817 shares in the company, valued at approximately $544,254.48. This trade represents a 99.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Insiders own 42.40% 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.