Interval Partners LP Purchases Shares of 935,574 Dutch Bros Inc. $BROS

Interval Partners LP purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 935,574 shares of the company’s stock, valued at approximately $57,276,000. Dutch Bros comprises 1.0% of Interval Partners LP’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds also recently bought and sold shares of BROS. Envestnet Asset Management Inc. lifted its stake in shares of Dutch Bros by 56.5% in the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after buying an additional 39,561 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Dutch Bros by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after buying an additional 49,194 shares during the period. Thornburg Investment Management Inc. lifted its stake in shares of Dutch Bros by 143.9% in the third quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after buying an additional 45,847 shares during the period. Magnetar Financial LLC lifted its stake in shares of Dutch Bros by 107.2% in the third quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after buying an additional 72,751 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of Dutch Bros by 1,559.3% during the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock worth $5,959,000 after purchasing an additional 91,468 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 23.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 in the last three months. Company insiders own 38.90% of the company’s stock.

Dutch Bros Stock Performance

NYSE:BROS opened at $65.72 on Thursday. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $11.48 billion, a PE ratio of 102.68, a price-to-earnings-growth ratio of 2.14 and a beta of 2.36. The firm has a 50-day moving average price of $55.78 and a 200 day moving average price of $56.25.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BROS. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating and set a $87.00 price objective on shares of Dutch Bros in a research report on Thursday, May 7th. Barclays lowered their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Oppenheimer began coverage on Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

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.