Dutch Bros Inc. $BROS Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 31.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,538 shares of the company’s stock after acquiring an additional 11,502 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dutch Bros were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of BROS. AdvisorShares Investments LLC boosted its holdings in Dutch Bros by 7.2% in the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares during the period. Parkside Financial Bank & Trust increased its holdings in Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after purchasing an additional 221 shares during the period. Allworth Financial LP raised its position in Dutch Bros by 7.5% in the 3rd quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock valued at $173,000 after purchasing an additional 232 shares in the last quarter. Lazard Asset Management LLC raised its position in Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of 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 buying an additional 273 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the firm’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 transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,086,245 shares of company stock worth $243,021,771. 38.90% of the stock is owned by insiders.

Dutch Bros Stock Down 1.9%

BROS opened at $65.00 on Thursday. The business’s 50-day simple moving average is $60.32 and its 200-day simple moving average is $57.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The stock has a market capitalization of $11.35 billion, a P/E ratio of 101.57, a price-to-earnings-growth ratio of 2.14 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BROS shares. TD Cowen reissued a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a research report on Wednesday, June 10th. DA Davidson raised their target price on shares of Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Barclays decreased their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. BNP Paribas Exane assumed coverage on shares of Dutch Bros in a report on Monday, March 30th. They set an “outperform” rating and a $73.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $77.33.

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.