Federated Hermes Inc. Sells 216,434 Shares of Dutch Bros Inc. $BROS

Federated Hermes Inc. cut its position in Dutch Bros Inc. (NYSE:BROS) by 29.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 521,940 shares of the company’s stock after selling 216,434 shares during the period. Federated Hermes Inc.’s holdings in Dutch Bros were worth $27,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in shares of Dutch Bros during the 2nd quarter worth about $27,000. Rakuten Securities Inc. lifted its stake 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 during the last quarter. Kiker Wealth Management LLC lifted its stake in Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter. GAMMA Investing LLC increased its position in Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after buying an additional 205 shares during the last quarter. Finally, Covestor Ltd increased its position in Dutch Bros by 24.6% during the third quarter. Covestor Ltd now owns 1,442 shares of the company’s stock worth $75,000 after buying an additional 285 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BROS has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Dutch Bros in a research note on Monday, January 5th. Sanford C. Bernstein reaffirmed an “overweight” rating and set a $76.00 price target on shares of Dutch Bros in a report on Wednesday, January 7th. Evercore ISI set a $73.00 price objective on shares of Dutch Bros in a research report on Monday, January 5th. KeyCorp reiterated an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.19.

Dutch Bros Price Performance

BROS stock opened at $54.38 on Friday. The company’s 50-day moving average price is $60.89 and its two-hundred day moving average price is $59.89. The firm has a market cap of $8.95 billion, a P/E ratio of 108.76, a P/E/G ratio of 2.41 and a beta of 2.55. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 12 month low of $47.16 and a 12 month high of $86.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $423.58 million during the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.Dutch Bros’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the business’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 sale, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman owned 9,817 shares in the company, valued at $544,254.48. This trade represents a 99.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,465,214 shares of company stock valued at $189,800,291. Insiders own 42.40% of the company’s stock.

Dutch Bros Company 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.