Quantitative Investment Management LLC Buys Shares of 12,012 Dutch Bros Inc. $BROS

Quantitative Investment Management LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROSFree Report) in the second quarter, HoldingsChannel reports. The firm purchased 12,012 shares of the company’s stock, valued at approximately $862,000.

Other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in shares of Dutch Bros during the 2nd quarter worth about $27,000. Ancora Advisors LLC acquired a new position in Dutch Bros in the second quarter valued at about $29,000. Rakuten Securities Inc. boosted its stake in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the period. Ankerstar Wealth LLC purchased a new position in Dutch Bros during the fourth quarter worth about $31,000. Finally, Quarry LP increased its position in shares of Dutch Bros by 83.5% during the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 5.1%

Shares of BROS opened at $46.35 on Wednesday. The stock has a market capitalization of $8.10 billion, a PE ratio of 64.38, a P/E/G ratio of 1.74 and a beta of 2.28. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The company’s 50-day simple moving average is $60.67 and its 200-day simple moving average is $56.63.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The business 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 business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. Analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BROS has been the topic of a number of research analyst reports. KeyCorp boosted their price target on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Stephens reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Dutch Bros in a research report on Thursday, August 6th. Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Monday, August 24th. Citigroup reissued a “buy” rating on shares of Dutch Bros in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price target on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.15.

Read Our Latest Stock Analysis on BROS

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, CEO Christine Barone sold 42,031 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This trade represents a 48.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Allan Penegor purchased 2,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director owned 7,358 shares of the company’s stock, valued at approximately $379,378.48. This represents a 37.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 2,064,139 shares of company stock valued at $127,296,280 in the last quarter. Corporate insiders own 38.90% of the company’s stock.

About Dutch Bros

(Free Report)

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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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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