Fox Run Management L.L.C. Raises Stock Position in Dutch Bros Inc. $BROS

Fox Run Management L.L.C. grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 121.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,754 shares of the company’s stock after buying an additional 11,944 shares during the period. Fox Run Management L.L.C.’s holdings in Dutch Bros were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC grew its stake in shares of Dutch Bros by 2.7% in the 4th quarter. LPL Financial LLC now owns 563,210 shares of the company’s stock worth $34,480,000 after buying an additional 14,988 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of Dutch Bros by 19.9% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 21,322 shares of the company’s stock worth $1,305,000 after acquiring an additional 3,532 shares during the last quarter. ING Groep NV lifted its holdings in shares of Dutch Bros by 14.8% in the 4th quarter. ING Groep NV now owns 494,000 shares of the company’s stock worth $30,243,000 after acquiring an additional 63,600 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in shares of Dutch Bros by 25.9% in the 4th quarter. Nemes Rush Group LLC now owns 1,360 shares of the company’s stock worth $83,000 after acquiring an additional 280 shares during the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of Dutch Bros in the 4th quarter worth about $367,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 544,872 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $56.21, for a total transaction of $30,627,255.12. Following the transaction, the chairman owned 3,265,362 shares of the company’s stock, valued at approximately $183,545,998.02. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Dutch Bros stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $51.17 per share, with a total value of $102,340.00. Following the acquisition, the director owned 5,358 shares in the company, valued at approximately $274,168.86. This represents a 59.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 2,022,106 shares of company stock worth $115,725,491 in the last ninety days. 38.90% of the stock is owned by company insiders.

Dutch Bros Price Performance

Dutch Bros stock opened at $57.96 on Wednesday. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 90.57, a price-to-earnings-growth ratio of 1.82 and a beta of 2.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The firm has a 50-day moving average of $54.04 and a two-hundred day moving average of $55.85.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. On average, research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $87.00 target price on shares of Dutch Bros in a report on Thursday, May 7th. Barclays lowered their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. BNP Paribas Exane assumed coverage on shares of Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price for the company. Finally, Piper Sandler raised their target price on shares of Dutch Bros from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $76.00.

About Dutch Bros

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.