143,002 Dutch Bros Inc. $BROS Shares Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab raised its stake in Dutch Bros Inc. (NYSE:BROS) by 23.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 761,518 shares of the company’s stock after purchasing an additional 143,002 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Dutch Bros were worth $29,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC purchased a new stake in shares of Dutch Bros in the second quarter worth about $29,000. Archer Investment Corp acquired a new stake in shares of Dutch Bros in the second quarter valued at about $101,000. GK Wealth Management LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at about $56,000. State of Wyoming acquired a new position in Dutch Bros during the 3rd quarter worth approximately $66,000. Finally, Harbor Investment Advisory LLC lifted its position in Dutch Bros by 77.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,030 shares of the company’s stock worth $146,000 after acquiring an additional 884 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of several analyst reports. BNP Paribas Exane decreased their target price on shares of Dutch Bros from $77.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Mizuho set a $55.00 price objective on shares of Dutch Bros in a report on Thursday, November 5th. Seaport Research Partners assumed coverage on shares of Dutch Bros in a report on Wednesday, September 16th. They issued a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, DA Davidson lowered their target price on Dutch Bros from $85.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.08.

Dutch Bros News Summary

Here’s some of the latest news about BROS:

• Positive Sentiment: Dutch Bros plans to open 250 shops in 2027, aiming to extend its market reach and build on shop economics. The plan carries a risk that new locations could take sales from existing shops. Article: Can Dutch Bros’ 250-Shop Plan Deliver Growth Despite Cannibalization?
• Positive Sentiment: The company’s Q3 earnings-call coverage highlighted growth and expansion, reinforcing its growth story. Article: Dutch Bros Earnings Call Highlights Growth and Expansion
• Neutral Sentiment: Dutch Bros named Kira Druyan chief legal officer as expansion continues; the appointment is not described as changing its financial outlook. Article: Dutch Bros Names Kira Druyan Chief Legal Officer As Expansion Continues

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the sale, the insider owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. This represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of Dutch Bros stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the transaction, the chairman directly owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. This trade represents a 43.03% 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. Insiders sold a total of 4,044,220 shares of company stock worth $179,732,644 over the last quarter. Insiders own 38.90% of the company’s stock.

Dutch Bros Stock Performance

Dutch Bros stock traded up $2.24 during midday trading on Friday, reaching $35.95. 6,217,822 shares of the stock traded hands, compared to its average volume of 5,546,611. The company has a current ratio of 1.03, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $40.17 and a two-hundred day moving average price of $52.27. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 1.14 and a beta of 1.97. Dutch Bros Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $74.02.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a return on equity of 10.46% and a net margin of 5.08%. The company had revenue of $549.84 million for the quarter, compared to analysts’ expectations of $548.27 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.81 earnings per share for the current year.

Dutch Bros Company Profile

Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.