Pacer Advisors Inc. Invests $748,000 in Dutch Bros Inc. $BROS

Pacer Advisors Inc. purchased a new position in Dutch Bros Inc. (NYSE:BROS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,757 shares of the company’s stock, valued at approximately $748,000.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the sale, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,086,245 shares of company stock worth $243,021,771 over the last 90 days. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Stock Down 3.6%

Shares of NYSE:BROS opened at $51.10 on Tuesday. The firm has a fifty day moving average price of $64.75 and a two-hundred day moving average price of $57.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 70.97, a PEG ratio of 1.96 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. Analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research report on Wednesday, June 10th. Oppenheimer raised their price objective on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Citigroup reissued a “buy” rating on shares of Dutch Bros in a report on Thursday. Royal Bank Of Canada cut their price target on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.15.

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.