Ninety One SA PTY Ltd Makes New Investment in Dutch Bros Inc. $BROS

Ninety One SA PTY Ltd acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 46,965 shares of the company’s stock, valued at approximately $2,458,000.

Several other hedge funds and other institutional investors have also modified their holdings of BROS. Hsbc Holdings PLC bought a new stake in Dutch Bros in the first quarter valued at $365,000. AlphaQuest LLC lifted its holdings in shares of Dutch Bros by 644.9% during the first quarter. AlphaQuest LLC now owns 1,177 shares of the company’s stock valued at $73,000 after acquiring an additional 1,019 shares during the period. State of Wyoming boosted its stake in shares of Dutch Bros by 29.8% in the 1st quarter. State of Wyoming now owns 4,864 shares of the company’s stock valued at $300,000 after purchasing an additional 1,116 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Dutch Bros by 47.6% in the 1st quarter. Royal Bank of Canada now owns 203,964 shares of the company’s stock valued at $12,593,000 after purchasing an additional 65,801 shares in the last quarter. Finally, Amundi grew its holdings in shares of Dutch Bros by 98.6% in the 1st quarter. Amundi now owns 448,944 shares of the company’s stock worth $25,545,000 after purchasing an additional 222,939 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider owned 9,817 shares in the company, valued at $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at $544,254.48. This represents a 99.42% 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 worth $189,800,291 in the last ninety days. 42.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BROS shares. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Tuesday, December 16th. Royal Bank Of Canada lifted their target price on shares of Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. KeyCorp began coverage on Dutch Bros in a report on Tuesday, December 16th. They set an “overweight” rating and a $77.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $76.68.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $61.23 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $58.41 and a 200 day simple moving average of $60.88. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The firm has a market cap of $10.07 billion, a P/E ratio of 122.46, a P/E/G ratio of 3.17 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $423.58 million for 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 business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Sell-side analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.