Riverbridge Partners LLC raised its position in Dutch Bros Inc. (NYSE:BROS – Free 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.
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
Here are the key news stories impacting Dutch Bros this week:
- Positive Sentiment: D.A. Davidson reiterated its Buy rating on Dutch Bros and lifted its price target to $90, signaling confidence in additional upside for the coffee chain. D.A. Davidson Sticks to Their Buy Rating for Dutch Bros Inc (BROS)
- Positive Sentiment: Piper Sandler also raised its price target on BROS to $68, showing that analysts still expect some incremental upside despite keeping a neutral view. Dutch Bros Inc. PT Raised to $68 at Piper Sandler
- Positive Sentiment: New store openings, including a new Dutch Bros Coffee location on a high-traffic Columbia road, reinforce the company’s ongoing unit expansion strategy and could support future revenue growth. This high-traffic Columbia road has a new Dutch Bros Coffee spot. Here’s where
- Neutral Sentiment: Recent coverage compared Dutch Bros with Starbucks, highlighting both companies’ growth strategies through loyalty programs, innovation, and expansion, but offering no new company-specific catalyst. Starbucks or Dutch Bros: Which Coffee Stock Deserves Your Money?
- Negative Sentiment: The stock recently saw a larger-than-market decline, suggesting some traders may be taking profits after the recent run-up even as analysts remain constructive. Dutch Bros (BROS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Dutch Bros 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.
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