Dutch Bros Inc. $BROS Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 56.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,530 shares of the company’s stock after purchasing an additional 39,561 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Dutch Bros worth $5,733,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BROS. Osterweis Capital Management Inc. purchased a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares in the last quarter. GAMMA Investing LLC boosted its stake in Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd grew its holdings in Dutch Bros by 24.6% during the 3rd quarter. Covestor Ltd now owns 1,442 shares of the company’s stock worth $75,000 after acquiring an additional 285 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 worth about $76,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,465,214 shares of company stock worth $189,800,291 in the last 90 days. 42.40% of the stock is owned by company insiders.

Dutch Bros Price Performance

Shares of BROS opened at $48.84 on Friday. Dutch Bros Inc. has a 12 month low of $47.16 and a 12 month high of $83.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.32. The stock has a fifty day moving average price of $59.22 and a 200 day moving average price of $59.13. The company has a market cap of $8.04 billion, a P/E ratio of 76.31, a PEG ratio of 1.76 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The company had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $77.05.

About Dutch Bros

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.