Baillie Gifford & Co. Has $183.04 Million Stock Position in Dutch Bros Inc. $BROS

Baillie Gifford & Co. trimmed its holdings in Dutch Bros Inc. (NYSE:BROS) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,497,067 shares of the company’s stock after selling 124,589 shares during the period. Baillie Gifford & Co. owned about 2.13% of Dutch Bros worth $183,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Osterweis Capital Management Inc. bought a new stake in Dutch Bros during the second quarter worth $27,000. Rakuten Securities Inc. lifted its holdings in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares in the last quarter. Kiker Wealth Management LLC grew its position 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 purchasing an additional 575 shares in the last quarter. GAMMA Investing LLC grew its position in Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of Dutch Bros by 100.0% in the second quarter. AdvisorNet Financial Inc now owns 1,000 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of a number of research reports. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. Piper Sandler reduced their price objective on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley decreased their target price on Dutch Bros from $84.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen reissued a “buy” rating on shares of Dutch Bros in a research report on Monday, January 5th. Finally, Stifel Nicolaus dropped their target price on Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $76.95.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the transaction, the chairman directly owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the sale, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,465,214 shares of company stock valued at $189,800,291 over the last three months. Insiders own 42.40% of the company’s stock.

Dutch Bros Trading Up 0.6%

BROS opened at $60.99 on Friday. The stock has a 50-day moving average of $60.34 and a 200 day moving average of $60.15. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 12 month low of $47.16 and a 12 month high of $86.88. The firm has a market cap of $10.03 billion, a P/E ratio of 121.99, a P/E/G ratio of 2.38 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating 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 business had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.