GP Brinson Investments LLC Buys New Stake in Dutch Bros Inc. $BROS

GP Brinson Investments LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,500 shares of the company’s stock, valued at approximately $239,000. Dutch Bros accounts for about 0.1% of GP Brinson Investments LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the first quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros during the first quarter valued at $31,000. Banque Transatlantique SA acquired a new position in Dutch Bros during the first quarter valued at $38,000. Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the fourth quarter valued at $43,000. Finally, GAMMA Investing LLC lifted its position in Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock valued at $51,000 after purchasing an additional 378 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on BROS. Guggenheim boosted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research report on Thursday, June 26th. They set a “neutral” rating and a $75.00 target price for the company. Royal Bank Of Canada lifted their price objective on shares of Dutch Bros from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Barclays lifted their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dutch Bros in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $80.06.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the sale, the chairman owned 975,031 shares of the company’s stock, valued at $67,218,637.14. The trade was a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 in the last three months. Corporate insiders own 42.40% of the company’s stock.

Dutch Bros Stock Down 2.7%

BROS opened at $64.72 on Friday. Dutch Bros Inc. has a fifty-two week low of $30.49 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The company has a fifty day moving average of $64.93 and a two-hundred day moving average of $65.30. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 137.70, a PEG ratio of 3.68 and a beta of 2.64.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current 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.