Geode Capital Management LLC Increases Stock Position in Dutch Bros Inc. $BROS

Geode Capital Management LLC increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,173,710 shares of the company’s stock after acquiring an additional 267,074 shares during the quarter. Geode Capital Management LLC owned approximately 1.32% of Dutch Bros worth $148,643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros during the 1st quarter valued at about $38,000. Kiker Wealth Management LLC lifted its position in shares of Dutch Bros by 4,423.1% during the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Dutch Bros during the first quarter worth $54,000. AdvisorNet Financial Inc boosted its stake in shares of Dutch Bros by 100.0% in the second quarter. AdvisorNet Financial Inc now owns 1,000 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the period. Finally, AlphaQuest LLC grew its holdings in Dutch Bros by 644.9% during the 1st quarter. AlphaQuest LLC now owns 1,177 shares of the company’s stock valued at $73,000 after purchasing an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 787,681 shares of Dutch Bros stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the transaction, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 in the last 90 days. Corporate insiders own 42.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BROS shares. Guggenheim boosted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Morgan Stanley set a $84.00 price objective on Dutch Bros in a report on Thursday, November 6th. Wells Fargo & Company cut their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Royal Bank Of Canada reduced their target price on Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $76.72.

Dutch Bros Trading Down 0.7%

Shares of Dutch Bros stock opened at $51.26 on Wednesday. The business has a fifty day simple moving average of $55.26 and a 200-day simple moving average of $62.76. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 102.52, a price-to-earnings-growth ratio of 2.66 and a beta of 2.56. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $423.58 million during the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The company’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. Dutch Bros has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.