Riverbridge Partners LLC Increases Stake in Dutch Bros Inc. $BROS

Riverbridge Partners LLC raised its position in Dutch Bros Inc. (NYSE:BROSFree Report) by 67.6% in the 1st quarter, Holdings Channel reports. The fund owned 511,403 shares of the company’s stock after acquiring an additional 206,297 shares during the period. Riverbridge Partners LLC’s holdings in Dutch Bros were worth $25,908,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BROS. Osterweis Capital Management Inc. purchased a new position in Dutch Bros during the second quarter worth about $27,000. Brown Lisle Cummings Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at about $31,000. Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares in the last quarter. Ankerstar Wealth LLC purchased a new stake in Dutch Bros in the 4th quarter valued at approximately $31,000. Finally, Quarry LP increased its position in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Up 1.0%

BROS opened at $67.70 on Wednesday. The business’s fifty day moving average is $56.89 and its two-hundred day moving average is $56.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 105.78, a PEG ratio of 2.17 and a beta of 2.36. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65.

Dutch Bros (NYSE:BROSGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the transaction, the chief executive officer owned 44,573 shares in the company, valued at approximately $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the sale, the chairman owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 23.73% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. Insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Barclays cut their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, TD Cowen reissued a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.00.

Read Our Latest Stock Report on Dutch Bros

Key Dutch Bros News

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Dutch Bros Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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