Independent Advisor Alliance Has $1.22 Million Position in Dutch Bros Inc. (NYSE:BROS)

Independent Advisor Alliance boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,742 shares of the company’s stock after acquiring an additional 1,207 shares during the quarter. Independent Advisor Alliance’s holdings in Dutch Bros were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Dutch Bros during the first quarter worth $20,299,000. Aigen Investment Management LP increased its stake in shares of Dutch Bros by 83.9% in the first quarter. Aigen Investment Management LP now owns 44,637 shares of the company’s stock valued at $2,756,000 after buying an additional 20,364 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Dutch Bros by 386.6% in the first quarter. Virtu Financial LLC now owns 44,813 shares of the company’s stock valued at $2,767,000 after buying an additional 35,603 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Dutch Bros in the first quarter valued at $542,000. Finally, Invesco Ltd. increased its stake in shares of Dutch Bros by 16.4% in the first quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock valued at $84,292,000 after buying an additional 192,458 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group lowered their target price on Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Barclays raised their target price on Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. The Goldman Sachs Group assumed coverage on Dutch Bros in a research note on Thursday, June 26th. They issued a “neutral” rating and a $75.00 target price for the company. Melius Research upgraded Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $77.82.

Dutch Bros Trading Down 2.0%

NYSE:BROS opened at $67.44 on Thursday. Dutch Bros Inc. has a 1-year low of $28.57 and a 1-year high of $86.88. The business’s 50-day moving average price is $65.73 and its two-hundred day moving average price is $65.75. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 143.49, a PEG ratio of 4.37 and a beta of 2.63.

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

Insider Activity

In other news, Chairman Travis Boersma sold 722,841 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares of the company’s stock, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the insider directly owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 in the last three months. Insiders own 42.40% of the company’s stock.

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.