Dutch Bros Inc. $BROS Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,322 shares of the company’s stock after selling 11,339 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.10% of Dutch Bros worth $13,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in Dutch Bros by 0.4% in the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after acquiring an additional 211 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in shares of Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock worth $194,000 after purchasing an additional 212 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Dutch Bros by 6.5% during the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after purchasing an additional 270 shares during the period. 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 in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BROS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Telsey Advisory Group lifted their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Royal Bank Of Canada lowered 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. UBS Group restated a “buy” rating on shares of Dutch Bros in a research note on Tuesday, July 28th. Finally, Citigroup reiterated a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $77.15.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction that occurred on 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 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. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Penegor bought 2,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $51.56 per share, with a total value of $103,120.00. Following the transaction, the director owned 7,358 shares in the company, valued at approximately $379,378.48. This represents a 37.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 2,064,139 shares of company stock valued at $127,296,280 in the last three months. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Stock Up 0.8%

BROS stock opened at $46.60 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $59.38 and a 200-day simple moving average of $56.49. The company has a market capitalization of $8.14 billion, a P/E ratio of 64.72, a PEG ratio of 1.65 and a beta of 2.28. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.02.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. On average, equities research analysts predict that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

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.