Marshall Wace LLP Purchases 1,460,376 Shares of Dutch Bros Inc. $BROS

Marshall Wace LLP lifted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 139.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,509,767 shares of the company’s stock after purchasing an additional 1,460,376 shares during the quarter. Marshall Wace LLP owned about 1.53% of Dutch Bros worth $171,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BROS. 1832 Asset Management L.P. boosted its holdings in shares of Dutch Bros by 29.9% during the 1st quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after buying an additional 788,100 shares in the last quarter. Invesco Ltd. boosted its stake in Dutch Bros by 70.9% during the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after acquiring an additional 967,861 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dutch Bros by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock worth $148,643,000 after acquiring an additional 267,074 shares in the last quarter. Norges Bank purchased a new stake in Dutch Bros in the second quarter worth about $93,525,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Dutch Bros by 25.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company’s stock valued at $81,786,000 after purchasing an additional 272,473 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group reissued a “buy” rating and issued a $85.00 price target on shares of Dutch Bros in a research report on Tuesday, October 28th. Morgan Stanley set a $84.00 price objective on Dutch Bros in a research note on Thursday, November 6th. Wells Fargo & Company cut their target price 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. Guggenheim lifted their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

Dutch Bros Stock Down 0.6%

BROS stock opened at $60.83 on Friday. The stock has a market capitalization of $10.01 billion, a P/E ratio of 121.66, a P/E/G ratio of 3.16 and a beta of 2.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. Dutch Bros Inc. has a 1-year low of $47.16 and a 1-year high of $86.88. The business has a fifty day moving average price of $54.70 and a 200-day moving average price of $62.01.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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%.Dutch Bros’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. Equities analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 99.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,465,214 shares of company stock valued at $189,800,291 over the last three months. 42.40% of the stock is owned by corporate insiders.

About Dutch Bros

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.