Principal Financial Group Inc. Has $3.56 Million Stake in Dutch Bros Inc. $BROS

Principal Financial Group Inc. cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 32.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,056 shares of the company’s stock after selling 32,768 shares during the quarter. Principal Financial Group Inc.’s holdings in Dutch Bros were worth $3,562,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ninety One UK Ltd acquired a new position in shares of Dutch Bros in the third quarter valued at $135,336,000. Marshall Wace LLP boosted its holdings in shares of Dutch Bros by 139.2% during the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after buying an additional 1,460,376 shares during the period. Norges Bank acquired a new position in Dutch Bros in the 2nd quarter valued at about $93,525,000. Invesco Ltd. grew its stake in Dutch Bros by 70.9% in the 2nd quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock valued at $159,517,000 after buying an additional 967,861 shares during the last quarter. Finally, Mane Global Capital Management LP bought a new position in Dutch Bros in the 2nd quarter valued at about $35,936,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $53.38 on Tuesday. The business has a fifty day moving average price of $59.95 and a two-hundred day moving average price of $59.32. The stock has a market capitalization of $8.78 billion, a PE ratio of 83.41, a P/E/G ratio of 2.24 and a beta of 2.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Dutch Bros had a return on equity of 9.75% and a net margin of 4.87%.The business 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 firm earned $0.07 earnings per share. Dutch Bros’s revenue for the quarter was up 29.4% compared to the same quarter last year. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Dutch Bros in a report on Friday. Evercore set a $73.00 price target on Dutch Bros in a research note on Monday, January 5th. Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Mizuho lifted their target price on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, TD Cowen reissued a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research report on Friday. One investment 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. According to MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $77.05.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’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 sale, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 98.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,465,214 shares of company stock valued at $189,800,291. Company insiders own 42.40% of the company’s stock.

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.